Interest in Saudi equity market seen increasing | Economy | Saudi Gazette

Interest in Saudi equity market seen increasing | Economy | Saudi Gazette:



"Global Investment House Saudia (Global Saudi) announced today the remarkable performance of its managed equity funds and the Asset Manager’s view on the Saudi capital market expecting increased interest and potentially enhanced liquidity.



Since the beginning of the year, the Global Saudi Equity Fund and Global Saudi Islamic Equity Fund (Al-Noor) have both outperformed their respective benchmarks reporting 17.2 percent (benchmark: 15.1 percent) and 27.5 percent (benchmark: 12.5 percent) respectively.



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 144.9 percent return compared to the benchmark return of 105.1 percent, outperforming the benchmark by more than 39.8 percent."



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