MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Gulf Cooperation Council Region
Top 20 GCC Mutual Funds by Assets 1
(millions of U.S. dollars, June 2012)
Rank Fund Name Type Sponsor AuM
1 AlAhli Saudi Riyal Trade Fund Money Market NCB Capital 3,464
SAR International Trade
Samba Cap &Invest
2 Trade Finance
Finance
Management
2,539
Al Rajhi Capital SAR
3
Commodity
Money Market Al Rajhi Capital 2,102
4 AlAhli Diversified SAR Trade Money Market NCB Capital 1,647
5 HSBC Amanah Saudi Equity Equity HSBC Saudi Arabia 731
6 Riyad Equity Fund 3 Equity Riyad Capital CJSC 624
7 Al Razeen Riyal Fund Money Market
Samba Cap &Invest
Management
598
8 HSBC Amanah SAR Trading Money Market HSBC Saudi Arabia 569
9 Al Raed Saudi Equity Fund Equity
Samba Cap &Invest.
Management
548
10 Al Raed Fund Equity Kuwait Investment 515
11 Riyad Equity Fund 2 Equity Riyad Capital CJSC 494
12 Al Wataniya Investment Fund Equity National Investments 479
13 Commodity Trading Fund SAR Trade Finance Riyad Capital CJSC 479
14 AlAhli Saudi Trading Equity Equity NCB Capital 423
15 International Fund Equity Riyad Capital CJSC 421
16 SAR Money Market Fund Money Market Saudi Fransi Capital 421
17 Al Mubarak SAR Trade Fund Trade Finance ANB Invest 420
18 RiyadC-European Growth Fund Equity Riyad Capital CJSC 418
19 Investment Stabilization Fund Equity Bank Muscat 323
20 Markaz Investment & Develop. Equity Kuwait Financial Ctr 309
Source: Lipper Rankings, Lipper, a Thomson Reuters Company
Equity Funds
In 2012H1, equity fund assets declined by 1.7%. Equity funds witnessed net
outflows of US$ 251 million. Sector funds witnessed net outflows of US$ 85.4 million
and assets under management decreased by 11.1%. IPO fund assets increased by
57.4%. Index fund assets decreased by 0.4% and registered US$ 2.16 million in net
outflows.
1
Rankings for GCC based companies’ funds.
86