Funds
News and insights into the region's funds industry, mutual funds, ETFs and other investment vehicles
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MENA fund managers boost Egypt investments despite troubles, stable elsewhere
Five of nine managers polled said they would increase their investments in Egypt
Reuters News
MENA Funds: Best and worst performers in H1 2019
Which funds were the main gainers and losers for H1 2019 and the last five years in the UAE, Saudi Arabia and Egypt?
ZAWYA
Saudi's PIF buys stake in JV from Aramco, Jacobs
The PIF acquired 30% of Jasara Program Management
ZAWYA
Abu Dhabi wealth fund to boost active investments in fixed-income
Some 55% of ADIA's portfolio is managed by external managers, down from 60% in 2016
Reuters News
Saudi Innova Holdings completes $50mln dividend recapitalization
The transaction allowed Jadwa Refining Opportunity Fund to return 64% of invested capital to fund investors while maintaining the same ownership stake in the company
The Saudi Gazette
Saudi Arabia relaxes ownership limits for foreign investors
There will be no minimum or maximum ownership limit, although the owners must hold the shares for two years before they can sell.
Reuters News
Saudi Arabia adds securities to major stock market indices
The next group of stocks to be incorporated will be announced at the second review of the year, on August 8, with implementation to follow on August 29.
Oxford Business Group
China's Silk Road Fund acquires significant stake in Saudi-based renewable energy company
Belt and Road Initiative (BRI) fund acquires 49% of ACWA Power-promted, ACWA Power RenewCo
ZAWYA
ADS Investment Solutions launches Saudi smart beta fund
The FTSE ADS Custom Saudi Minimum Variance Index uses the components of the FTSE Saudi Arabia All Cap Index while rebalancing their weighting to minimise volatility, based on historical return information.
Banker Middle East