MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Middle East & North Africa
Trends by Fund Type
In 2012H1, MENA domiciled fund assets increased by 3% from end-2011 to US$
89.6 billion for funds tracked in the database. There were an estimated US$ 2.47 billion
in net inflows to these funds. The increase was primarily attributable to a US$ 3.33
billion increase in money market fund assets (conventional and sharia). Trade
finance funds saw net inflows of US$ 564 million. Equity fund assets (including subtypes)
fell by 2.9%, with net outflows of US$590 million. Largest 4 funds in MENA were
money market funds. In 2011, MENA domiciled fund assets decreased by 13% from
end-2010 to US$ 87.8 billion for funds tracked in the database. There were an
estimated US$ 13 billion in net outflows from these funds. The decrease was primarily
attributable to a US$ 6.9 billion decrease in money market fund assets. Trade
finance funds saw net inflows estimated at US$ 526 million. Aggregate equity fund
assets fell by 21.7%, with net outflows of US$ 5.5 billion.
Estimated Fund Flows
(millions of U.S. dollars, June 2012)
Fund Assets Fund Type Net Flows
2011 2012H1
6,508 7,073 Trade Finance 564
456 569 Sukuk 113
872 689 Sector (185)
3,007 2,399 Other (609)
32,119 34,897 Money Market 2,769
28 44 IPO 15
559 558 Index (1)
333 494 Hedge Funds 159
951 1,029 Fund of Funds 78
21,758 21,840 Fixed Income 83
396 355 Feeder (41)
17,555 17,060 Equity (496)
37 64 Capital Protected 28
2,549 2,545 Balanced (5)
Source: Lipper, a Thomson Reuters Company
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