MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Sharia Compliant Funds
and saw net outflows of US$ 896 million. Other fund categories witnessed US$ 322
million in net outflows.
Estimated Fund Flows in 2012H1
(millions of U.S. dollars)
Fund Assets Fund Type Fund Assets % Change Net Flows
2011 2012H1
11,877 13,196 Money Market 11% 1,321
480 612 Fixed Income 27% 131
6,669 6,728 Equity 1% 54
844 836 Other -1% (12)
Source: Lipper, a Thomson Reuters company
Estimated Fund Flows in 2011
(millions of U.S. dollars)
Fund Assets Fund Type Fund Assets % Change Net Flows
2010 2011
14,123 11,877 Money Market -16% (2,248)
422 480 Fixed Income 14% 57
7,429 6,669 Equity -11% (758)
1,250 844 Other -32% (383)
Source: Lipper, a Thomson Reuters company
Top 10 MENA Sharia Compliant Mutual Funds by Assets
(millions of U.S. dollars, June 2012)
Rank Fund Name Type Sponsor AuM
1 AlAhli Saudi Riyal Trade Fund Money Market NCB Capital 3,464
2 SAR International Trade Finance Trade Finance Samba Cap & Invest 2,539
3 Al Rajhi Capital SAR Commodity Money Market Al Rajhi Capital 2,102
4 AlAhli Diversified SAR Trade Trade Finance NCB Capital 1,647
5 HSBC Amanah Saudi Equity Fund Equity HSBC Saudi Arabia 731
6 HSBC Amanah SAR Trading-ART Trade Finance HSBC Saudi Arabia 569
7 Al Raed Saudi Equity Fund Equity Samba Cap & Invest 548
8 Riyad Equity Fund 2 Equity Riyad Capital CJSC 494
9 Commodity Trading Fund (SAR) Trade Finance Riyad Capital CJSC 479
10 AlAhli Saudi Trading Equity Fund Equity NCB Capital 423
Source: Lipper Rankings, Lipper, a Thomson Reuters company
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