These are the top performing Saudi mutual funds in 2018

A total of 96 Saudi mutual funds, with net assets of over SAR 100 million, have shown mixed performance in 2018. Argaam tracks their performance in the study below:

Riyad Blue Chip Equity Fund, managed by Riyad Capital, was the top performer last year, with a yield of 19.94 percent. It was followed by Riyad Saudi Equity Fund with a 19.56 percent yield.

Best Performing Investment Funds in 2018*
Fund	Fund manager	Net assets (SAR mln)	Return since year beginning
Riyad Blue Chip Equity Fund	Riyad Capital	1,824.09	19.94
Riyad Saudi Equity Fund	Riyad Capital	191.06	19.56
HSBC Saudi Equity Fund	HSBC Saudi Arabia	144.33	17.98
Global Saudi Equity Fund	Global Invest House- Saudi Arabia	569.05	15.71
Riyad Saudi Equity Shariah Fund	Riyad Capital	1,077.29	15.11
Jadwa Saudi Equity Fund Class A	Jadwa Investment	248.05	13.95
Jadwa Saudi Equity Fund Class A	Jadwa Investment	237.34	13.11
Al Arabi Saudi Equity Fund	ANB Invest	107.69	12.92
HSBC Saudi Income Equity Fund	HSBC Saudi Arabia	240.97	11.93
Saudi Istithmar Equity Fund	Saudi Fransi Capital	358.73	11.75

*based on prices disclosed as of Dec. 31, 2018

On the other hand, HSBC China and India Equity Freestyle Fund was the worst performing fund among peers in 2018 with a yield of -16.06 percent. The fund aims to achieve medium to long term capital growth by investing in Shariah compliant equities of companies listed on the official stock markets of China and India.

Osool & Bakheet IPO Fund, run by Osool & Bakheet Investment Co., followed with a yield of -15.42 percent.

Lowest Performing Investment Funds in 2018*
Fund	Fund manager	Net assets (SAR mln)	Return since year beginning
HSBC China and India Equity Freestyle Fund	HSBC Saudi Arabia	110.57	(16.06)
Osool & Bakheet IPO Fund	Osool & Bakheet	114.47	(15.42)
AlAhli Emerging Markets Index Fund	NCBC	170.38	(14.74)
Aljazira European equities Fund	Aljazira Capital	165.68	(14.24)
Riyad Global Equity Sharia Fund	Riyad Capital	129.86	(12.53)
AlAhli Asia Pacific Index Fund	NCBC	144.76	(11.29)
Aljazira Japanese equities Fund	Aljazira Capital	272.66	(11.04)
Riyad European Equity Fund	Riyad Capital	214.3	(10.42)
Aljazira International equities Fund	Aljazira Capital	148.48	(10.04)

*based on prices disclosed as of Dec. 31, 2018

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