Assets of Saudi investment funds rise 4% in Q3

The total value of assets held by investment funds in Saudi Arabia rose 4 percent quarter-on-quarter (QoQ) to SAR 283.5 billion in Q3 2018, data issued by the Capital Market Authority (CMA) showed.

The increase was driven by a 9 percent QoQ rise in the total value of assets held by private funds in Q3 to SAR 165.6 billion. Private funds account for 58 percent of total fund assets in the Kingdom.

The value of public investment funds edged down 1 percent from the previous quarter to SAR 117.9 billion.

The number of subscribers in Saudi investment funds rose to 330,800 in the third quarter from 315,100 in Q2 2018.

Meanwhile, the number of subscribers in public investment funds jumped 5 percent QoQ to 326,900 for the quarter.

Saudi-based Investment Funds (Activity YoY)
Period	Ownership Type	Number of funds	Number of Subscribers	Asset Base (SAR mln)
Q2 2018	Public	264	311.2	119.1
	Private	290	3.9	152.4
	Total	554	315.1	271.5
Q3 2018	Public	264	326.9	117.9
	Private	275	3.9	165.6
	Total	539	330.8	283.5
Variation		(2.7%)	+5.0%	+4.4%

The value of assets held by money market and equity funds stood at SAR 69.6 billion and SAR 21.7 billion respectively in Q3, representing 77 percent of total public funds’ assets.

Public Funds Arranged by Investment (Q3 2018)
Asset Class	Number of funds	Number of Subscribers	Value of assets (SAR mln)
Equity	151	157,102	21.7
Debt	5	118	0.6
Money Markets	44	38,964	69.6
Real Estate	10	7,599	8.4
Holding	31	5,135	2.9
Balanced	2	307	0.1
Hedge & Derivatives	--	--	--
Traded indices	3	345	0.04
REITs	15	117,036	14.2
Other	3	296	0.4
Total	264	326,902	117.9

Meanwhile, the value of assets held by equity and real estate funds came in at SAR 99.7 billion and SAR 57.3 billion respectively, accounting for 95 percent of the total assets of private funds.

Private Funds Arranged by Investment (Q3 2018)
Asset Class	Number of funds	Number of Subscribers	Value of assets (SAR mln)
Equity	115	1,447	99.7
Debt	5	61	4.8
Money Markets	9	92	2.2
Real Estate	112	2,279	57.3
Commodities	1	4	0.4
Miscellaneous	32	48	0.7
Hedge & Derivatives	1	8	0.6
Total	275	3,939	165.6

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