18.6% gains for Global Saudi Equity Fund | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.:
"Global Investment House-Saudia (Global Saudia) announced Monday that the Global Saudi Equity Fund has outperformed its benchmark reporting 18.6 percent for the first eight months of 2013 compared to 14.2 percent return by the benchmark.
The Global Saudi Equity Fund is today the second largest Saudi conventional equity fund and the largest equity fund in the Saudi market managed by a non-bank owned Investment Company with total assets under management exceeding $132 million and is also the only "A" rated Saudi equity fund by S&P.
Launched in January 2009, the Global Saudi Equity Fund has consistently outperformed its benchmark and peers, with stock selection being the main driver. Since its inception, the fund achieved 90.5 percent return compared to the benchmark return of 62.2 percent, outperforming the benchmark by more than 28 percent."
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