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 />
Money Market Funds<br />
In <strong>2012</strong>H1, fund assets under management in this category increased by 8.7%.<br />
Estimated net inflows from money market funds stood at US$ 3.33 billion. Within<br />
this category, trade finance funds saw estimated net inflows <strong>of</strong> US$ 564 million (fund<br />
assets under management increased by 8.7%), while conventional money market funds<br />
saw net inflows <strong>of</strong> US$ 2.77 billion (with fund assets under management increasing<br />
8.6%). In 2011, fund assets under management in this category decreased by<br />
15.2%. Estimated net outflows to money market funds stood at US$ 6.9 billion. Within<br />
this category, trade finance funds saw estimated net inflows <strong>of</strong> US$ 526 million (fund<br />
assets under management increased 8.8%), while conventional money market funds<br />
saw outflows <strong>of</strong> US$ 7.4 billion (with fund assets under management decreasing 18.8%).<br />
Top 20 <strong>MENA</strong> Money Market Funds by <strong>Asset</strong>s<br />
(millions <strong>of</strong> U.S. dollars, June <strong>2012</strong>)<br />
Fund Name Type Sponsor AuM<br />
1 AlAhli Saudi Riyal Trade Fund Money Market NCB Capital 3,464<br />
2 Beltone Banque Misr Money Mkt Money Market Beltone Fund Mgmt 2,799<br />
3 SAR International Trade Finance Trade Finance<br />
Samba Cap & Invest<br />
Mgmt<br />
2,539<br />
4 Al Rajhi Capital SAR Commodity Money Market Al Rajhi Capital 2,102<br />
5 Yapi ve Kredi <strong>Bank</strong> B Type Liquid Money Market Yapi Kredi Portfoy 1,872<br />
6 Is <strong>Bank</strong> B Type Liquid Money Market Is <strong>Asset</strong> <strong>Management</strong> 1,783<br />
7 AlAhli Diversified SAR Trade Trade Finance NCB Capital 1,647<br />
8 Garanti <strong>Bank</strong> B Type Apple Liquid Money Market<br />
Garanti <strong>Asset</strong><br />
<strong>Management</strong><br />
1,393<br />
9 Al Ahly <strong>National</strong> <strong>Bank</strong> <strong>of</strong> Egypt IV Money Market <strong>National</strong> <strong>Bank</strong> <strong>of</strong> Egypt 1,292<br />
10 Akbank B Type Liquid Money Market Ak <strong>Asset</strong> <strong>Management</strong> 1,215<br />
11 Attijari Tresorerie Money Market Wafa Gestion SA 1,163<br />
12 CIB Money Market Fund (Osoul) Money Market Commercial Intl AM 1,149<br />
13 EFG Nat’l SocGen <strong>Bank</strong> Themar Money Market <strong>National</strong> Societe 969<br />
14 Irad Money Market BMCE Capital Gestion 814<br />
15 TR Vakiflar <strong>Bank</strong>asi B Type Liquid Money Market Vakif Yatirim 770<br />
16 Garanti <strong>Bank</strong> B Type Liquid Money Market<br />
Garanti <strong>Asset</strong><br />
<strong>Management</strong><br />
722<br />
17 FCP Alistitmar Chaabi Tresorerie Money Market Al Istitmar Chaabi SA 681<br />
18 Al Razeen Riyal Fund Money Market<br />
Samba Cap & Invest<br />
Mgmt<br />
598<br />
19 Is <strong>Bank</strong> B Type Maximum Liquid Money Market Is <strong>Asset</strong> <strong>Management</strong> 594<br />
20 HSBC Amanah SAR Trading Trade Finance HSBC Saudi Arabia Ltd 569<br />
Source: Lipper Rankings, Lipper, a Thomson Reuters Company<br />
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