MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Global Trends
Trends by Fund Type
Money market funds losing relative ground
According to data 1 compiled by the Investment Company Institute, equity fund assets
stood at US$ 9.9 trillion (-9.8% y-o-y) at end 2012Q2 and accounted for 40.1% of
global fund assets, compared to 42.8% a year earlier. There were 28,239 equity funds
(1.46% y-o-y). Bond funds were the second largest category – having overtaken money
market funds in 2010 - with US$ 6.35 trillion (8.2% y-o-y) in assets under management,
accounting for 25.6% of the total (up from 22.5% in 2011Q2). The share of money
market funds in global assets declined to 18.5% in 2012Q2 (from 32% in 2009Q1).
There were 3,005 money market funds (-6.4% y-o-y). Money market fund assets were
US$ 4.584 trillion (-7.1% y-o-y). There were 13,089 fixed income funds (+1.6% y-o-y).
Balanced fund assets stood at US$ 2.834 trillion (-6.3% y-o-y) accounting for about
11.4% of fund assets. There were 17,156 balanced funds (+3.9% y-o-y). According to
data by Blackrock, there were 4,747 exchange traded products (ETPs) with assets of
US$ 1.87 trillion on November 2012 (US$ 1.53 trillion in 2011, US$ 1.48 trillion in 2010).
In 2011, ETPs were from 193 providers and listed on 53 exchanges around the world.
Global Fund Assets by Type
(trillions of U.S. dollars, end of period)
Equity Bond Money Market Balanced Other
10.5
11.1
11.0
9.0
9.5
10.6
9.9
5.4
5.6
5.9
5.6
5.8
6.3
6.4
5.0
2.8
5.0
2.9
4.9
3.0
4.7
2.7
4.7
2.7
4.7
3.0
4.6
2.8
Dec-10 Sep-11 Jun-12
Source: Investment Company Institute, Washington, DC, 2012
1 40 countries reported in 2011Q2. There is some variation in the number of reporting countries each
quarter. Annual change figures should be considered solely indicative. ICI data exclude GCC region.
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