Logo of SNB Capital
SNB Capital Saudi Small and Mid-Cap Equity Fund, managed by SNB Capital, led the top-performing funds list year-to-date (YTD), recording 54% until Nov. 8, 2023, a study conducted by Argaam showed.
The fund reported the highest trailing twelve months (TTM) return on equity of 44% compared to its peers.
According to data available on Argaam, SNB Capital Saudi Small and Mid-Cap Equity Fund generated a return on equity of 154% in the last three years, topping its local equity peers, as indicated in the following table:
|
List of Top-Performing Funds in Three Years* |
|||
|
Fund |
Change (3 yrs) |
Change (1 yr) |
YTD |
|
SNB Capital Saudi Small and Mid-Cap Equity Fund |
154.31% |
44.12% |
54.27% |
|
Alawwal Saudi Equity Fund |
133.25% |
29.71% |
33.14% |
|
Riyad Small and Medium Cap Fund |
122.27% |
25.58% |
34.30% |
|
SAB Invest Saudi Freestyle Equity Fund |
114.24% |
18.26% |
27.02% |
|
Derayah Freestyle Saudi Equity Fund |
104.39% |
28.20% |
34.78% |
|
Alpha Saudi Equity Fund |
103.94% |
15.01% |
23.51% |
|
Alawwal Invest Saudi Companies Equity Fund |
100.89% |
16.34% |
25.27% |
|
Morgan Stanley Saudi Equity Fund |
98.46% |
13.58% |
23.19% |
|
Alawwal Invest Saudi Equity Fund |
95.07% |
13.84% |
22.63% |
SNB Capital Saudi Small and Mid-Cap Equity Fund topped the local equity funds’ average by 89% in the last three years until October 2023. It also outperformed the average of local investment funds by over 105%.
The fund’s net asset value (NAV) stood at nearly SAR 340 million by the end of October 2023.
SNB Capital Saudi Small and Mid-Cap Equity Fund’s investments are concentrated in the Tadawul-listed small and medium cap growth companies. As of September 2023, the fund’s investments were focused on shares of Saudi Automotive Services Co. (SASCO), East Pipes Integrated Company for Industry and Electrical Industries Co., with a relative weight of 7.84%, 7.33% and 7.20%, respectively, of the total.
|
Company |
Company’s Weight |
YTD Return |
|
SASCO |
7.84 % |
68.92 % |
|
East Pipes |
7.33 % |
66.22 % |
|
Electrical Industries |
7.20 % |
146.76 % |
|
Care |
6.44 % |
93.78 % |
|
Riyadh Cables |
6.10 % |
106.34 % |
|
Budget Saudi |
5.74 % |
45.67 % |
|
Al Hammadi Holding |
5.45 % |
46.63% |
|
Tawuniya |
5.25 % |
74.12% |
|
Astra |
5.10 % |
80.85% |
|
Alujain |
4.96 % |
3.09% |
The fund also topped Tadawul All Share Index (TASI) in terms of the annual return by 12x out of 16x with a cumulative return of 457% since the fund inception.
AlAhli Small and Mid-Cap Equity Fund VS TASI
The SNB Capital Saudi Small and Mid-Cap Equity Fund is an open-ended Investment Fund that seeks to achieve long-term capital growth through Investments, primarily in Saudi Small and MidCap companies specialized in industry, healthcare, IT and energy listed on the Saudi Exchange (Tadawul), with a minimum subscription of SAR 5,000.
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