Publication Date: 30 January 2023
This report, published by the Research Department of Teaser Platform, reviews the annual performance of GCC-focused Shariah-compliant equity funds in 2022, providing insights into market benchmarks, fund-level returns, and newly launched funds during the year.
The report evaluates the performance of key Shariah-compliant indices, including the Dow Jones Islamic Market GCC Index and the S&P GCC Composite Shariah, both of which recorded declines by year-end following strong gains in 2021 amid heightened market volatility.
Despite the challenging market environment, several Shariah-compliant equity funds delivered positive returns, led by SICO Capital GCC Dividend Growth Fund and Saudi Fransi GCC IPO Fund, while the asset-weighted average return for the universe remained modest at 1.83%.
Overall, the report highlights the resilience of select GCC-focused Shariah-compliant strategies and underscores the importance of fund selection in navigating uneven market conditions across the region in 2022.
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GCC-Focused Shariah-Compliant Equity Funds 2022 Annual Performance
