MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Kuwait
Trends by Fund Type (based on data for Kuwait domiciled funds)
Overview
In 2012H1, mutual funds in our dataset domiciled in Kuwait saw assets decline by
9% due to a fall in money market and equity fund assets. There were net outflows
of US$435 million from funds in our dataset. Estimates point a US$8 million net
outflow from money market funds, while equity funds actually saw net outflows of US$
415 million. The decline in equity fund assets was, therefore driven by market
performance. Money market funds registered a decline in return of -4%, while equity fund
returns were -0.1% on average.
Estimated Fund Flows
(millions of U.S. dollars, 2012H1)
Fund Assets Fund Type AuM% Change Net Flows
2011 2012H1
327 307 Money Market -6% (7.7)
260 287 Fixed Income 11% 27.4
4,322 3,901 Equity -10% (414.8)
448 406 Other -9% (38.6)
Source: Lipper, a Thomson Reuters Company
Top 10 Kuwait Domiciled Mutual Funds by Assets
(millions of U.S. dollars, June 2012)
Rank Fund Name Type Sponsor AuM
1 Al Raed Fund Equity Kuwait Investment Company 515
2 Al Wataniya Investment Fund Equity National Investments Co. 479
3 Markaz Investment&Dev. Fund Equity Kuwait Financial Centre 309
4 Burgan Equity Fund Equity Burgan Bank 276
5 Global 10 Large Cap. Index Index Global Investment House 258
6 Al Dar Money Market Fund
Money
Market
Al Dar Asset Management . 230
7 Markaz Real Estate Fund Other Kuwait Financial Centre 221
8 Markaz Mumtaz Investment Equity Kuwait Financial Centre 197
9 KIC Bond Fund
Fixed
Income
Kuwait Investment Company 150
10 Tijari Investment Equity CBK Capital 143
Source: Lipper Rankings, Lipper, a Thomson Reuters Company
258