The total value of assets held by public and private investment funds in Saudi Arabia slightly edged down by 0.2% quarter-on-quarter (QoQ) to SAR 348.8 billion in Q1 2020.

 

The number of investment funds rose to 636 in Q1 2020, from 607 in Q4 2019, including 253 public funds and 383 private funds, according to a report issued by the Capital Market Authority (CMA).

 

The investment funds include a group of securities that are selected based on specific criteria that achieve the fund's investment objectives. It is divided into public and private funds.

 

Profits generated by an investment fund are usually capital gains, that is profits resulting from any improvement or change in prices of invested securities in addition to dividends if any.

 

According to CMA's report, the value of private funds, which represent 50% of total fund assets, declined by 8% to SAR 174.1 billion.

 

The value of assets held by public investment funds rose by 9% to SAR 174.7 billion.

 

Thus, the value of public investment funds exceeded the value of private investment funds for the first time since Q3 2016.

 

The number of subscribers in Saudi investment funds increased to nearly 344,500 in Q1 2020 from 334,200 a year earlier.

 

Investment Fund

Period

Funds

Number of Funds

Number of Subscribers (‘000)

Asset Values

(SAR bln)

Q4 2019

Public

253

329.7

160.0

Private

354

4.5

189.5

Total

607

334.2

349.5

Q1 2020

Public

253

339.7

174.7

Private

383

4.8

174.1

Total

636

344.5

348.8

Variation

+4.8%

+3.1%

(0.2%

 

In terms of type of investment, the value of assets held by money markets, equity, and REITs represented 89% of the total public funds’ assets.

 

The funds of multi-assets and endowment appeared for the first time in the public investment funds.

 

Public Funds Arranged by Investment (Q1 2020)

Asset Class

Number of Funds

Number of Subscribers

Value of Assets

(SAR bln)

Money Markets

44

38,273

120.25

REITs

17

410,138

19.60

Equity

132

147,110

16.12

Real Estate

9

7,106

7.75

Debt Instrument

10

1,240

6.29

Holding

25

5,474

2.69

Traded Indices

5

1,034

1.36

Multi-Assets

3

307

0.40

Endowment

6

436

0.24

Balanced

2

288

0.04

Hedged Capital

0

0

--

Other

--

--

--

Total

253

339,678

174.74

 

Elsewhere, the value of assets held by equity and real estate funds came in at SAR 97.1 billion and SAR 61.5 billion, respectively, accounting for 97.1% of the total assets of private funds.

 

Private Funds Arranged by Investment  (Q1 2020)

Asset Class

Number of Funds

Number of Subscribers

Value of Assets

(SAR bln)

Equity

167

1,765

97.08

Real Estate

123

2,294

61.47

Multi-Assets

62

154

6.56

Debt Instrument

10

258

5.78

Money Markets

7

101

2.04

Financing

11

193

0.73

Hedge & Derivatives

1

5

0.32

Feeding

2

32

0.14

Commodities

--

--

--

Total

383

4,802

174.12

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