MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Gulf Cooperation Council Region
In 2011, equity fund assets decreased by 13.7%. Equity funds witnessed net outflows of
US$ 2.34 billion. Sector funds witnessed net outflows of US$ 12.6 million and assets
under management decreased by 1.5%. IPO fund assets decreased by 71%. Index fund
assets decreased by 9.5% and registered US$ 50.5 million in net outflows.
Top 20 GCC Equity Funds by Assets
(millions of U.S. dollars, June 2012)
Rank Fund Name Type Sponsor AuM
1 HSBC Amanah Saudi Equity Equity HSBC Saudi Arabia Ltd 731
2 Riyad Equity Fund 3 Equity Riyad Capital CJSC 624
3 Al Raed Saudi Equity Fund Equity
Samba Cap & Invest
Management
548
4 Al Raed Fund Equity Kuwait Investment Co 515
5 Riyad Equity Fund 2 Equity Riyad Capital CJSC 494
6 Al Wataniya Investment Fund Equity National Investments Co 479
7 AlAhli Saudi Trading Equity Equity NCB Capital 423
8 International Fund Equity Riyad Capital CJSC 421
9 RiyadC-European Growth Equity Riyad Capital CJSC 418
10 Investment Stabilization Equity BankMuscat SAOG 323
11
Markaz Investment and
Development Fund
Equity Kuwait Financial Centre 309
12 Burgan Equity Fund Equity Burgan Bank 276
13 American Stock Fund Equity Riyad Capital CJSC 269
14 AlAhli Global Trading Equity Equity NCB Capital 259
15 Qatar Investment Fund Equity Epicure Managers Qatar 199
16 Markaz Mumtaz Investment Equity Kuwait Financial Centre 197
17 Asayel Fund Equity Al Bilad Investment Co 189
18 Al Rajhi Local Shares Fund Equity Al Rajhi Capital 157
19 Tijari Investment Equity CBK Capital 143
20 Al Musahem Equity
Samba Cap & Invest
Management
142
Source: Lipper Rankings, Lipper, a Thomson Reuters Company
87