MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Bahrain
Growth Rate of Fund Assets
(percentage change y-o-y, end of period, quarterly data)
% change y-o-y
300%
250%
200%
150%
100%
50%
0%
-50%
-100%
Locally incorporated funds
Sharia compliant funds
foreign funds
2003 2006 2009 Oct-12
Source: Central Bank of Bahrain
The gross number of new funds (i.e. not taking into account funds that may have been
wound down or not offered further) hovered at around 300 per year in 2003-2005,
sharply spiking in 2006 at 689 with 353 coming in 2006Q1 alone immediately after GCC
markets had peaked at the end of 2005. In 2011, the number of new funds was 246.
There were 78 new funds during January to October, continuing to represent a
significantly slower pace than in earlier years.
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