MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Gulf Cooperation Council Region
Trends by Fund Type (flows based on GCC domiciled fund data)
Investors withdrew money from funds in 2012H1
In 2012H1, GCC domiciled fund assets increased by 4% from end-2011 to US$
31.53 billion for funds tracked in the database. There were an estimated US$ 1.15
billion in net inflows to these funds. The increase was primarily attributable to a US$
1.14 billion increase in money market fund assets. Trade finance funds saw
significant net inflows estimated at US$ 564 million. Equity fund assets fell by 1.7%, with
net outflows of US$ 251 million. The largest 4 funds in the GCC were money market
funds.
Estimated Fund Flows (GCC Domiciled Funds)
(millions of U.S. dollars, 2012H1)
Fund Assets Fund Type AuM % Change Net Flows
2011 2012H1
13,548 14,684 Money Market 8.4% 1,137
1,016 1,252 Fixed Income 23.2% 235
14,848 14,601 Equity -1.7% (251)
966 995 Other 3% 27
Source: Lipper, a Thomson Reuters Company
In 2011, GCC domiciled fund assets decreased by 15% to US$ 30.4 billion for funds
tracked in the database. There were net outflows of US$ 2.24 billion in 2011. The
decrease was primarily attributable to a US$ 2.75 billion decrease in money market
fund assets. Trade finance funds saw net inflows estimated at US$ 526 million. Equity
fund assets fell by 13.7% and experienced net outflows of US$ 2.34 billion.
Estimated Fund Flows (GCC Domiciled Funds)
(millions of U.S. dollars, 2011)
Fund Assets Fund Type AuM% Change Net Flows
2010 2011
16,293 13,548 Money Market -16.8% (2,747)
903 1,016 Fixed Income 12.5% 113
17,201 14,848 Equity -13.7% (2,344)
1,230 966 Other -21.5% (258)
Source: Lipper, a Thomson Reuters Company
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