|21 October, 2019

MENA funds: Best and worst performers until Q3 2019

The Saudi Stock Exchange (Tadawul) announced in June the inclusion of Saudi REITS in the FTSE European Public Real-estate Association (EPRA) Nareit Emerging Market Index.

Saudi men inspect a screen showing stock prices at ANB Bank in Riyadh, Saudi Arabia September 16, 2019.

Saudi men inspect a screen showing stock prices at ANB Bank in Riyadh, Saudi Arabia September 16, 2019.

REUTERS/Ahmed Yosri

There are more than 1,000 funds domiciled in the Middle East and North Africa region, with Saudi Arabia accounting to close to 250 funds.

Zawya has compiled data on the best and worst performing funds in the UAE, Saudi Arabia and Egypt in the first nine months of 2019 and the past five years.

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The Saudi Stock Exchange (Tadawul) announced in June the inclusion of Saudi REITS in the FTSE European Public Real-estate Association (EPRA) Nareit Emerging Market Index.

“The inclusion will raise the level of Saudi REITs and align it with the international best practices, increase level of disclosure and accessibility to the capital market by foreign investors, and broaden the investors base in the Saudi capital market,” Raghu Mandagolathur, head of research at Kuwait Financial Centre (Markaz) told Zawya.

“Assets managed under funds that are domiciled in Saudi Arabia alone account for 86.3 percent of the total assets under management (AUM) in GCC region, followed by Kuwait with 8.6 percent,” Mandagolathur noted.

(Reporting by Gerard Aoun, editing by Seban Scaria)

(gerard.aoun@refinitiv.com)

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Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2019

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