MENA Asset Management Survey 2012 - National Bank of Abu Dhabi
MENA Asset Management Survey 2012 - National Bank of Abu Dhabi
MENA Asset Management Survey 2012 - National Bank of Abu Dhabi
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Saudi Arabia<br />
According to the Capital Market Authority, the aggregate number <strong>of</strong> equity funds in 2011<br />
was 150, down from 154 in 2010 1 . These had assets <strong>of</strong> US$ 7.1 billion or 32.4% <strong>of</strong> fund<br />
assets. Local equity assets comprised 64.2% <strong>of</strong> overall equity fund assets, while<br />
international equities accounted for another 30%, with the remainder invested in other<br />
GCC stocks. Money market funds were still the second most numerous with 50 in 2011,<br />
down from 56 in 2010. These accounted for 60.4% <strong>of</strong> fund assets with over US$ 13.2<br />
billion under management at the end <strong>of</strong> 2011. In 2011, non-bank financial institutions<br />
(NBFIs) launched 15 new funds, while entities owned by banks launched another 15 2 . In<br />
<strong>2012</strong>, there were 15 new fund launches, 10 <strong>of</strong> which were by bank subsidiaries.<br />
New Funds in <strong>2012</strong><br />
Date Fund Name Type Fund Manager<br />
1 15/1/<strong>2012</strong> Amanah Sukuk Fund Sukuk HSBC Saudi Arabia<br />
2 18/3/<strong>2012</strong> Ithmar Saudi Equity Fund Equity Al Bilad Investment<br />
3 29/4/<strong>2012</strong> Amanah GCC Equity Income Equity HSBC Saudi Arabia<br />
4 9/9/<strong>2012</strong><br />
Emerging Markets Fixed<br />
Income<br />
Bond Saudi Fransi Capital<br />
5 9/9/<strong>2012</strong><br />
Al Ahli Global Natural<br />
Resources<br />
Other NCB Capital<br />
6 11/11/<strong>2012</strong> Arab Markets Balanced Fund Other BlomInvest Saudi Arabia<br />
7 2/12/<strong>2012</strong> Multi <strong>Asset</strong>s Defensive Fund Other Al Inma Investment<br />
8 - Al Rajhi <strong>MENA</strong> Dividend Growth Equity Al Rajhi Capital<br />
9 - Al Awwal RE Development RE Alawwal Capital<br />
10 - Al Khabeer Liquidity - Hasseen<br />
Money<br />
Market<br />
Al-Khabeer Capital<br />
11 - Amanah Saudi Freestyle Equity Equity HSBC Saudi Arabia<br />
12 - KSB Furas Real Estate RE KSB Capital Group<br />
13 - MEFIC Real Estate Income RE ME Financial Investment<br />
14 - Riyad Real Estate (Burj Rafal) RE Riyad Capital<br />
15 -<br />
The Investor Real Estate Fund<br />
The Investor For<br />
RE<br />
For Multiple Projects<br />
Securities<br />
16 - Safwat Obhur Real Estate* RE Itqan Capital<br />
17 - Real Estate Income Fund* RE Itqan Capital<br />
Source: Capital Market Authority, Tadawul, Websites *Private placements<br />
1 CMA mutual fund data tables appear to exclude exchange traded funds. The chart<br />
above includes the three ETFs which currently exist, but the text provides CMA figures.<br />
2<br />
Saudi Hollandi Capital received multiple approvals according to CMA. The figure cited<br />
excludes these.
Change language