18.04.2013 - Saudi equity funds market remains most reassuring
The Saudi equity funds market is still the most favorable due to its demographics and the steady increase in government spending, experts said. Global Investment House said Wednesday that the equity funds managed by its MENA Asset Management team have recorded “remarkable” performances during the first quarter of the year 2013, outperforming their respective benchmarks. The Global GCC Large Cap Fund has outperformed it respective benchmark reporting a return of 9.42 percent compared to 5.89 percent by the S&P index. Global GCC Islamic Fund, which aims to maximize returns by investing in a portfolio of companies compliant with Shariah, has reported 7.05 percent compared to 5.02 percent reported by the respective benchmark...........................................Full Article: Source
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