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MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

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Bahrain<br />

Fixed Income Funds<br />

In <strong>2012</strong>H1, fixed income fund assets domiciled in Bahrain stood at US$ 557 million.<br />

<strong>Asset</strong>s were up by 9% from end-2011. Fixed income funds witnessed net inflows <strong>of</strong><br />

US$ 47 million. Conventional fixed income funds saw inflows <strong>of</strong> US$ 51 million.<br />

In 2011, fixed income fund assets domiciled in Bahrain stood at US$ 509 million<br />

according to the dataset. <strong>Asset</strong>s were up 35% during the same period. Fixed income<br />

funds witnessed net inflows <strong>of</strong> US$ 130.5 million. Sukuk funds saw outflows <strong>of</strong> US$<br />

1.2 million, while conventional fixed income funds saw inflows <strong>of</strong> US$ 131.7 million.<br />

Conventional fixed income fund assets rose by 36% to US$ 505 million in the period.<br />

Top Bahrain Fixed Income Funds by <strong>Asset</strong>s<br />

(millions <strong>of</strong> U.S. dollars, June <strong>2012</strong>)<br />

Rank Fund Name Type Sponsor AuM<br />

1 Blom Bond Fund Bond Blominvest <strong>Bank</strong> 345<br />

2 GIC Gulf Bond Fund Bond Gulf Investment Corp 160<br />

3 Makaseb Income Fund Bond<br />

Mashreq Capital<br />

(DIFC) Ltd 35<br />

4<br />

Royal Capital <strong>MENA</strong> Fixed Income<br />

Plus Bond Royal Capital PJSC 16<br />

Source: Lipper Rankings, Lipper, a Thomson Reuters Company<br />

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