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MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

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United Arab Emirates<br />

Fund Managers and Promotion at DIFC<br />

(end <strong>of</strong> period)<br />

Number <strong>of</strong> Number <strong>of</strong> Foreign<br />

Funds<br />

Fund Managers<br />

Fund Promoters<br />

Designated<br />

Other Foreign Fund Criteria<br />

Recommendation Based Offer<br />

Exempt Fund Criteria<br />

Number <strong>of</strong> Domestic Funds Marketed<br />

Total<br />

Number <strong>of</strong><br />

Funds<br />

Established<br />

in DIFC<br />

2007 7 - - - - - - - - - -<br />

2008 9 47 1,035 603 - - 5 1,643 4 2 -<br />

2009 9 52 1,137 553 - - 2 1,692 2 4 -<br />

2010 13 56 1,143 386 185 12 5 1,731 2 4 1<br />

2011 13 54 1,381 334 61 28 3 1,807 2 - 5<br />

<strong>2012</strong>** 14 - - - - - - - 2 - 7<br />

Source: DFSA *Funds in the private category moved to exempt category with<br />

the end <strong>of</strong> the transition period in 2011. ** <strong>2012</strong> data were yet to be released.<br />

Public<br />

Private<br />

Exempt*<br />

337

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