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.
United Arab Emirates<br />
Fund Industry Breakdown by Selected Fund Managers*<br />
(millions <strong>of</strong> U.S. dollars where relevant, June <strong>2012</strong>)<br />
Company* Number <strong>of</strong> Funds Open Fund<br />
Sharia Total Ended <strong>Asset</strong>s<br />
<strong>Abu</strong> <strong>Dhabi</strong> Commercial <strong>Bank</strong>** - 3 3 155<br />
ADIC Investment <strong>Management</strong> PPC*** - 6 6 169<br />
Al Hilal <strong>Bank</strong> 2 2 2 31<br />
Al Mal Capital PSC 1 5 5 23<br />
Al Masah Capital Limited - 1 1 -<br />
Arqaam Capital Limited - 2 2 111<br />
Commercial <strong>Bank</strong> <strong>of</strong> Dubai 1 6 5 72.6<br />
Daman Investments 1 4 4 -<br />
Dubai Islamic <strong>Bank</strong>**** 6 6 - -<br />
Dubai Shariah <strong>Asset</strong> <strong>Management</strong>***** 3 3 3 78<br />
Duet <strong>MENA</strong> Ltd - 2 2 90<br />
EFG Hermes Emirates - 4 4 243<br />
ENBD <strong>Asset</strong> <strong>Management</strong> 7 13 13 702<br />
FFA Capital - 1 1 1<br />
First Gulf <strong>Bank</strong> - 2 2 242<br />
Franklin Templeton Investments - 1 1 23<br />
Gulfmena Investments Ltd 1 3 3 45<br />
ING Investment Middle East - 1 1 41<br />
Majid Al Futtaim <strong>Asset</strong> <strong>Management</strong>^ - 1 1 2<br />
Mashreq Capital 1 8 8 125<br />
<strong>MENA</strong> Capital International - 1 1 11.9<br />
<strong>National</strong> <strong>Bank</strong> <strong>of</strong> <strong>Abu</strong> <strong>Dhabi</strong>^^ 2 16 16 352<br />
Rasmala Investment <strong>Bank</strong> Ltd^^^ 1 4 4 91<br />
Royal Capital PJSC - 2 2 32<br />
Schroders Investment <strong>Management</strong> Ltd - 1 1 181<br />
Shuaa Capital^^^^ 2 5 5 59<br />
The <strong>National</strong> Investor - 4 4 70<br />
Union <strong>National</strong> <strong>Bank</strong> 1 2 2 20<br />
Source: Lipper, a Thomson Reuters company * based on local presence<br />
*More recent fund data are presented for some sponsors in the first table. June data are<br />
retained above for comparison. This list may not be comprehensive and is compiled on the<br />
basis <strong>of</strong> selected fund managers. **Excludes ADCB Macquarie Infrastructure fund and Zones<br />
Corp Infrastructure fund ***Includes Libya Fund which has seed capital, but is not currently<br />
<strong>of</strong>fered to investors ****DIB Capital has 6 funds, but data were only available for GCC Islamic<br />
equity fund with assets <strong>of</strong> US$ 18.6mn *****Appear to be third party funds; note that third party<br />
funds <strong>of</strong>fered by other companies is not necessarily included in this table. <strong>Abu</strong> <strong>Dhabi</strong> Islamic<br />
<strong>Bank</strong> <strong>of</strong>fers NCB capital funds ^Elite <strong>MENA</strong> Equity fund closed in June <strong>2012</strong>. ^^Includes third<br />
party funds; NBAD real estate investment trust (REIT) not included ^^^Rasmala manages<br />
funds for ABC <strong>Bank</strong> and Export Development <strong>Bank</strong> in Egypt, but these are excluded here.<br />
^^^^Saudi subsidiary <strong>of</strong> Shuaa Capital included in the figures.<br />
332
Change language