Tadawul trading screen



In this report, Argaam monitored the performance of 34, out of nearly 255, local equity funds that invest in Saudi equities, and have assets under management (AUMs) of more than SAR 100 million in H1 2022.




The local equity funds demonstrated positive performance during the six-month period, with the exception of Albilad Pure Saudi Equity Fund.




HSBC Saudi Financial Institutions Equity Fund, which is managed by HSBC Saudi Arabia, was the top performer with a return of 14.3%. The fund aims to achieve medium- to long-term capital growth through primarily investing in shares of Saudi Exchange (Tadawul)-listed Saudi financial institutions, including banks and financial services providers.




Al-Mubarak IPO Fund took the second place, with a return of 13.7%. The fund, managed by ANB Invest, aims to achieve long-term capital growth through investing in initial public offerings (IPOs) of Saudi companies, rights issues and secondary offerings of already listed companies and newly-listed stocks (maximum five years from listing date).




Al-Mubarak Pure Saudi Equity Fund came third, with a return of 11.6%. The fund, managed by ANB Invest, eyes long-term capital growth and positive returns through investing in Shariah-compliant local equities.


















Top-Performing Funds Year to Date (As on June 30, 2022)*

Fund

Fund Manager

Net Asset Value


(SAR mln)

YoY


Change

HSBC Saudi Financial Institutions Equity Fund

HSBC Saudi Arabia

132.83

14.3%

Al-Mubarak IPO Fund

ANB Invest

108.22

13.7%

Al-Mubarak Pure Saudi Equity Fund

ANB Invest

275.51

11.6%

HSBC Saudi Equity Fund

HSBC Saudi Arabia

144.84

11.0%

Riyad Saudi Equity Sharia Fund

Riyad Capital

167.60

11.3%

Al-Arabi Saudi Equity Fund

ANB Invest

154.43

9.7%

SNB Capital Al Musahem Saudi Equity Fund

SNB Capital

750.03

8.6%

Al Ataa Saudi Equity Fund

SNB Capital

100.70

7.6%

Alpha Saudi Equity Fund

Alpha Capital

155.41

7.8%

HSBC Saudi Freestyle Equity Fund

HSBC Saudi Arabia

415.13

7.3%