MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Gulf Cooperation Council Region
Average Assets of Domestic Funds, Locally Sponsored funds, & Funds by
Geographic Focus
(millions of U.S. dollars, June 2012)
Locally
Incorporated
Funds
Locally Sponsored
Funds (incl.
domiciled abroad)
Funds by
Geographic
Focus
Bahrain 33.2 13.0 17.9
Kuwait 75.1 67.9 86.6
Oman 42.2 28.6 57.8
Qatar 17.5 46.1 28.2
S. Arabia 93.7 95.9 131
UAE 27.4 26.3 40
GCC - - 44.2
MENA - - 28.5
Source: Lipper, a Thomson Reuters Company
Equity funds the largest
In 2012H1, equity funds remained the most numerous accounting for 75% of funds
that are locally domiciled, followed by money market funds which made up 13.4% of the
count. Equity and money market funds were the largest by assets under
management, accounting for 46.4% and 46.6% of the total, respectively.
In 2011, equity funds accounted for 74.5% of locally domiciled funds count that, followed
by money market funds which made up 13.4% of the count. Equity funds were the
largest by assets under management, accounting for 49% of the total, while money
market fund assets made up 44.6% of the total, while both solely fixed income and other
asset class funds were relatively negligible with 3.4% and 3.2% of total fund assets,
respectively.
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