Riyadh – Mubasher: The value of assets held by Saudi public and private investment funds jumped by 17.85% on a year-on-year (YoY) basis during the second quarter (Q2) of 2020, standing at SAR 380.66 billion from SAR 323 billion.
This surge is driven by a 44% YoY growth in the assets of public investment funds over the April-June period of the year at SAR 181.58 billion, according to data collected by Mubasher based on official figures by the Capital Market Authority (CMA).
Local assets in public funds increased by 35% YoY in Q2-20 to reach SAR 141.851 billion, dominating 78% of total assets of public funds.
Foreign assets represented 22% of the total value and reached SAR 39.73 billion in the three-month period ended 30 June, posting an annual leap of 88%.
Moreover, assets held by private funds levelled up by 1.1% in Q2-20 to SAR 199.08 billion, accounting for 52.3% of total assets of funds.
The number of subscribers in both public and private investment funds stood at 355,458 in Q2-20, an increase of 4.73% when compared to 339,397 in the year-ago period.
In the meantime, the number of investment funds rose by 12.4% YoY in the current-year period to register 634 from 564. The number of public funds amounted to 253, whilst that of private funds totalled 381.
