Funds
News and insights into the region's funds industry, mutual funds, ETFs and other investment vehicles
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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
ADS Investment Solutions launches Saudi smart beta fund
Dollar-denominated fund has an annual management fee of 0.4 percent
ZAWYA
Saudi PIF assets doubled in two years – Crown Prince
Saudi Arabia’s Public Investment Fund targets new strategic sectors such as tourism
Mubasher
Asset managers show keener interest in UAE funds market
Shake-up of rules governing the sector look set to continue as Securities and Commodities Authority steps up oversight
ZAWYA