MENA Asset Management Survey 2012 - National Bank of Abu Dhabi
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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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Oman<br />

Overview<br />

As <strong>of</strong> June <strong>2012</strong>, there were 7 domestic banks, 10 foreign banks, and 2 specialized<br />

banks in Oman. In 2011, 2 new entities received licenses to operate as sharia compliant<br />

banks. A number <strong>of</strong> investment companies provide mutual funds.<br />

Fund Trends<br />

In <strong>2012</strong>H1, assets under management in selected funds increased by 2%. Net<br />

inflows to these funds are estimated at circa US$ 7.2 million. In 2011, assets under<br />

management in these funds fell by 12%. Net outflows from these funds were estimated<br />

at circa US$ 60.3 million.<br />

Local Fund Industry Breakdown by Selected Sponsors*<br />

(as <strong>of</strong> June <strong>2012</strong>)<br />

Fund<br />

Manager<br />

Sponsor<br />

Company<br />

# <strong>of</strong> Local<br />

Domicile<br />

Funds<br />

List <strong>of</strong> Funds<br />

1 2 3<br />

<strong>Bank</strong><br />

Muscat<br />

<strong>Bank</strong><br />

Muscat<br />

6<br />

Muscat Fund<br />

Benchmark: MSM<br />

30<br />

AuM:US$ 20.95mn<br />

Domicile: Oman<br />

Khairat India Fund<br />

Benchmark: S&P<br />

CNX Nifty Shariah<br />

Index<br />

Domicile: Mauritius<br />

Oman Fixed<br />

Income Fund**<br />

Domicile: Oman<br />

Money Market<br />

Fund<br />

Benchmark:<br />

OMIBOR 3 months<br />

AuM: US$9.65mn<br />

Domicile: Oman<br />

Oryx Fund<br />

Benchmark: S&P<br />

GCC Composite<br />

Shariah<br />

AuM:US$17.02mn<br />

Domicile: Oman<br />

<strong>Bank</strong> Muscat GCC<br />

Dividend Yield<br />

Fund<br />

Benchmark: MSCI<br />

Kuwait Index<br />

Domicile: Oman<br />

S&P GCC Large<br />

Cap Index Fund<br />

Benchmark: S&P<br />

GCC Large Cap<br />

AuM:US$25.4mn<br />

Domicile: Lux<br />

India Dynamic<br />

Fund<br />

Benchmark:<br />

Bombay Stock<br />

Exchange 100<br />

AuM:US$0.43mn<br />

Domicile: Mauritius<br />

MSCI Kuwait<br />

Fund<br />

Benchmark:KSE<br />

AuM:$0.63mn<br />

Domicile:<br />

Bahrain<br />

<strong>Bank</strong> Muscat<br />

India Fund<br />

Benchmark:<br />

MSCI Kuwait<br />

AuM:$3.95mn<br />

Domicile:<br />

Mauritius<br />

Investment<br />

Stabilization<br />

Benchmark:MS<br />

M 30<br />

AuM:$323.45mn<br />

Domicile: Oman<br />

India Growth<br />

Fund<br />

Benchmark:<br />

MSCI India<br />

AuM:US$3.8mn<br />

Domicile:<br />

Mauritius<br />

276

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