The Clap
The green list of investment funds listed in the financial market witnessed a growth in the performance of 177 funds, while the red list included 71 funds, since the beginning of 2022. 7 funds maintained stability, according to Al Mal.
The Deets
The SICO Capital GCC Dividend Growth Fund, managed by SICO Capital, came on top of the list of profitable investment funds, recording growth of 27.49% from the beginning of 2022 until August 10.
The Riyad Opportunities Fund managed by Riyad Capital ranked second in terms of gainers, with a growth rate of approximately 26.08%.
The Riyad Global Equity Sharia Fund of Riyad Capital was the biggest loser, among the listed investment funds, recording a decrease in growth of 30.73%.
Investment Funds
There are 255 mutual funds listed on the market consisting of 200 funds that are Sharia-compliant, and 55 funds that are not Sharia-compliant.
Why this Matters
The investment funds listed on Tadawul are characterized by a higher allocation ratio for initial public offerings (IPOs) compared to individual investors, enabling them to obtain the largest number of shares offered for an IPO.
Best and worst funds 💸
