MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Saudi Arabia
Money Market Funds
In 2012H1, money market fund assets increased by 9% from US $ 13.2 billion at
end-2011 to US$ 14.4 billion. Estimated net inflows to money market funds stood at
US$ 1.15 billion. Within this category, trade finance funds saw estimated net inflows
of US$ 564 million (fund assets increased by 8.7%), while conventional money market
funds saw inflows of US$ 584 million, with an 8.8% increase in assets. In 2011, money
market fund assets decreased by 15% from US $ 15.48 billion at end-2010 to US$ 13.2
billion. Estimated net outflows from money market funds stood at US$ 2.3 billion. Within
this category, trade finance funds accounted for estimated net inflows of US$ 526 million
(fund assets increased by 8.8%), while conventional money market funds saw outflows
of US$ 2.8 billion, with a 30% decline in assets.
Top Saudi Money Market Funds by Assets
(millions of U.S. dollars, June 2012)
Fund Name Type Sponsor AuM
1 AlAhli SAR Trade Fund Money Market NCB Capital 3,464
2 SAR Int’l Trade Finance Trade Finance Samba Capital 2,539
Al Rajhi Capital SAR
3
Commodity
Money Market Al Rajhi Capital 2,102
4 AlAhli Diversified SAR Trade Trade Finance NCB Capital 1,647
5 Al Razeen Riyal Fund Money Market Samba Capital 598
6 HSBC Amanah SAR Trading Trade Finance HSBC Saudi Arabia 569
7 Commodity Trading Fund SAR Trade Finance Riyad Capital CJSC 479
8 SAR Money Market Fund Money Market Saudi Fransi Capital 421
9 Al Mubarak SAR Trade Fund Trade Finance ANB Invest 420
10 Al Badr Murabaha Fund SAR Trade Finance Saudi Fransi Capital 225
Source: Lipper Rankings, Lipper, a Thomson Reuters Company