Assets of Saudi investment funds rise 6% in Q1

The total value of assets held by investment funds in Saudi Arabia rose 6 percent quarter-on-quarter (QoQ) to SAR 266.9 billion in the first quarter of this year, data issued by the Capital Market Authority (CMA) showed.

The increase was due to a 9 percent QoQ rise in the total value of assets held by public investment funds in Q1 to SAR 120.1 billion.

The value of private investment funds, which represents 55 percent of the Kingdom’s total investment funds, increased 4 percent from the previous quarter to SAR 146.8 billion.

The number of subscribers in investment funds rose to 299,000 in Q1 from 242,500 in Q4 2017.

Meanwhile, the number of subscribers in public investment funds jumped 24 percent QoQ to 295,000 for the quarter.

Saudi-based Mutual Funds (Activity YoY)
Period	Ownership Type	Number of funds	Number of Subscribers	Asset Base (SAR mln)
Q1 2017	Public	273	238.4	110.2
	Private	304	4.1	141.6
	Total	577	242.5	251.8
Q1 2018	Public	262	294.8	120.1
	Private	281	4.0	146.8
	Total	543	298.8	266.9
Variation		(5.9%)	+23.2%	+6.0%

The value of assets held by public investment funds in money markets and stocks stood at SAR 75.1 billion and SAR 22.3 billion respectively in Q1, representing 81 percent of the total value of assets.

Public Funds Arranged by Investment (Q1 2018)
Asset Class	Number of funds	Number of Subscribers	Value of assets (SAR mln)
Equity	152	160,151	22.3
Debt	5	135	0.7
Money Markets	44	39,859	75.1
Real Estate	11	8,036	8.6
Holding	29	5,079	3.0
Balanced	2	322	0.1
Hedge & Derivatives	--	--	--
Traded indices	3	300	0.04
REITs	12	80,601	9.8
Other	4	306	0.4
Total	262	294,789	120.1

Meanwhile, the value of assets held by private investment funds in stocks and real estate came in at SAR 81.7 billion and SAR 56.7 billion respectively, accounting for 94 percent of the total assets.

Private Funds Arranged by Investment (Q1 2018)
Asset Class	Number of funds	Number of Subscribers	Value of assets (SAR mln)
Equity	116	1,425	81.7
Debt	6	61	4.6
Money Markets	9	75	1.8
Real Estate	116	2,343	56.7
Commodities	1	4	0.3
Miscellaneous	32	49	1.2
Hedge & Derivatives	1	9	0.6
Total	281	3,966	146.8

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