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
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Middle East & North Africa<br />
Equity Funds<br />
In <strong>2012</strong>H1, equity fund assets declined by 2.9% driven by market movements.<br />
Equity funds witnessed net outflows <strong>of</strong> US$ 590 million. Sector funds witnessed net<br />
outflows <strong>of</strong> US$ 185 million and assets under management decreased by 21%. IPO fund<br />
assets increased by 57.4%. Index fund assets decreased by 0.2% and registered US$ 1<br />
million in net outflows. In 2011, equity fund assets decreased by 21.7%. Equity funds<br />
witnessed net outflows <strong>of</strong> US$ 5.5 billion. Sector funds witnessed net outflows <strong>of</strong> US$<br />
1.34 billion and assets under management decreased by 60.6%. IPO fund assets<br />
decreased by 71%. Index fund assets decreased by 9.1% and registered US$ 51 million<br />
in net outflows.<br />
Top 20 <strong>MENA</strong> Equity Funds by <strong>Asset</strong>s<br />
(millions <strong>of</strong> U.S. dollars, June <strong>2012</strong>)<br />
Rank Fund Name Type Sponsor AuM<br />
1 RMA Cap Dynamique Equity RMA Capital S.A 825<br />
2 HSBC Amanah Saudi Equity Equity HSBC Saudi Arabia Ltd 731<br />
3 Riyad Equity Fund 3 Equity Riyad Capital 624<br />
4 Al Raed Saudi Equity Fund Equity Samba Cap & Invest Mgmt 548<br />
5 Al Raed Fund Equity Kuwait Investment Company 515<br />
6 Riyad Equity Fund 2 Equity Riyad Capital 494<br />
7 Al Wataniya Investment Fund Equity <strong>National</strong> Investments Co. 479<br />
8 AlAhli Saudi Trading Equity Equity NCB Capital 423<br />
9 International Fund Equity Riyad Capital 421<br />
10 RiyadC-European Growth Fund Equity Riyad Capital 418<br />
11 Investment Stabilization Equity <strong>Bank</strong>Muscat SAOG 323<br />
12 Markaz Investment and Develop Equity Kuwait Financial Centre 309<br />
13 Burgan Equity Fund Equity Burgan <strong>Bank</strong> 276<br />
14 American Stock Fund Equity Riyad Capital 269<br />
15 AlAhli Global Trading Equity Fund Equity NCB Capital 259<br />
16 CDG-Actions Equity CDG Capital Gestion 248<br />
17 Wafa Assurance Optimisation Equity Wafa Gestion SA 241<br />
Schroder International Selection Schroder Investment<br />
18 Equity<br />
Frontier Markets Equity Fund<br />
<strong>Management</strong> Limited<br />
229<br />
19 Qatar Investment Fund PLC Equity Epicure Managers Qatar 199<br />
20 Markaz Mumtaz Investment Equity Kuwait Financial Centre 197<br />
Source: Lipper Rankings, Lipper, a Thomson Reuters Company<br />
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