MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Kuwait
Fixed Income Funds
In 2012H1, Kuwait domiciled fixed income fund assets increased by 11%. There were
net inflows of US$ 27.4 million. In 2011, fund assets decreased by 33% and saw net
outflows of US$ 121 million.
Top Kuwait Domiciled Fixed Income Funds by Assets
(millions of U.S. dollars, June 2012)
Rank Fund Name Type Sponsor AuM
1 KIC Bond Fund Fixed Income Kuwait Investment Company 150
2
Bond and High Yield
KIPCO Asset Management
Fixed Income
Fund
Co.
84
3 Global Bond Fund Fixed Income Global Investment House 27
4
Markaz Fixed
Income Fund
Fixed Income Kuwait Financial Centre 15
5 GIC KD Bond Fund Fixed Income Gulf Investment Corporation 10
Source: Lipper Rankings, Lipper, a Thomson Reuters Company
Money Market Funds
In 2012H1, Kuwait domiciled money market fund assets fell by 6%. These witnessed net
outflows of US$ 8 million. In 2011, Kuwait domiciled money market fund assets fell by
58%. These witnessed net outflows of US$ 440 million.
Top Kuwait Domiciled Money Market Funds by Assets
(millions of U.S. dollars, June 2012)
Rank Fund Name Type Sponsor AuM
1 Al Dar Money Market Fund Money Market Al Dar Asset Management 230
2 Burgan Financial Fund Trade Finance Burgan Bank 49
3 Global KD Money Market Money Market Global Investment House 10
4 Al Muthanna Fund Money Market First Investment Company 9
5 Global Islamic Fund Money Market Global Investment House 5
Source: Lipper Rankings, Lipper, a Thomson Reuters Company
260