07/11/2013
Was not achieved 8 years ago
Investment funds recorded the highest level of 103 billion riyals
Total assets of investment funds operating in the Saudi market registered arise by 3.1 per cent by the end of the third quarter of this year compared with the end of the second quarter of the same year to 137.5 billion. This is the highest levels since 2005, this growth came from higher domestic assets of those funds, to $ 79.3 billion riyals, an increase of 1.3 billion with a growth rate of 1.6 percent. In addition to the rise in foreign assets increased $ 1.9 billion to $ 24.1 billion. The quarterly growth rate is estimated at 8.3 percent. This analysis of the data indicated by SAMA for the third quarter of this year, the unit of economic reports in the newspaper ' economic ' Analysis subscriber numbers fell by 1.5 percent, a common 261.5's to the end of the third quarter of this year. However, the number of operating funds rose to 243 Fund with a growth of 1.2 percent.
A comparison of the total assets of mutual funds during the same period last year, it grew by 14.7 per cent, having been at the 90.1 billion. Also has a total asset of investment funds grew by 11.9 per cent, amounting to 70.8 billion. Foreign assets also grew by 25 per cent, which was a record 19.3 billion riyals. However, subscriber numbers fell by 6.5 per cent compared to the same period last year the number was 279.7 thousand subscribers. While the number of operating funds by 1.7 per cent from $ 239.
The preparation of operating funds by the end of the third quarter of this year, the same level that was then by the end of 2010. On the other hand, investment funds are divided into two types: (open and closed funds), with open-ended funds Fund assets reached 233 101.1 billion riyals growth by 3 percent. As compared to their assets than they were for the same period last year, it had achieved an increase of 14.4 percent. Closed-end funds decreased by only one Fund for up to ten boxes by the end of the third quarter of this year compared to the second quarter of the same year, and the value of the assets amounted to 2.2 billion, for an increase of 13.6 per cent.
Mutual fund assets are distributed to nine types of the highest percentage contribution and value of the total assets: domestic monetary instruments by 46 per cent, fell to 6.4 by the end of the third quarter of this year compared to the second quarter of the same year, hitting 47.1 billion riyals. After that was when 50.3 billion. It grew by 1.2 percent compared to the same period last year. Local shares came in second with 22.9 billion and by a contribution of 22 per cent of total assets, with an increase of 8.4 per cent. It grew by 18.2 percent compared to the same period last year.
The third place went to foreign equity participation rate of 11 per cent and 11.3 billion, with a growth rate rabaya 10.3 per cent. In addition to their growth compared to the same period last year by 11.5 per cent. Foreign currency instruments came fourth in terms of the contribution and value of the total assets of the funds by 9 percent. For worth 9.6 billion registered a decline of 3.4 percent, with the real estate investments of less investment contribution in the composition of total assets of the Fund by 2 percent , noting that it diminished by the end of the third quarter of this year compared to the second quarter of the same year by 28.3 per cent. Followed by other foreign assets by 1 per cent.
