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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Gulf Cooperation Council Region<br />
Top GCC Sector Funds by <strong>Asset</strong>s<br />
(millions <strong>of</strong> U.S. dollars, June <strong>2012</strong>)<br />
Rank Fund Name Type Sponsor AuM<br />
1 Samba Real Estate Sector Samba Cap & Invest Mgmt 251<br />
Zajil Services &<br />
2<br />
Telecommunications<br />
Sector <strong>National</strong> Investments Co. 97<br />
3 Al Atheer Sector Kuwait Investments Co. 39<br />
HSBC Saudi Petrochemical<br />
4<br />
Equity Opportunities Fund<br />
Sector HSBC Saudi Arabia Ltd. 37<br />
5 Masaref Investment Fund Sector Housing Finance Co. 35<br />
Global Energy Petrochem &<br />
6<br />
Downstream Ind. Fund<br />
Sector Global Investment House 34<br />
7 Al Muthana GCC Islamic <strong>Bank</strong>s Sector Al Muthana Invest Co. 27<br />
8 MEFIC Real Estate Income Fund Sector<br />
Middle East Financial<br />
Investment Company<br />
26<br />
Al Rajhi Petrochemicals &<br />
9<br />
Cement<br />
Sector Al Rajhi Capital 18<br />
Source: Lipper Rankings, Lipper, a Thomson Reuters Company<br />
Top 10 GCC Index Funds by <strong>Asset</strong>s<br />
(millions <strong>of</strong> U.S. dollars, June <strong>2012</strong>)<br />
Rank Fund Name Type Sponsor AuM<br />
1 Global 10 Large Cap. Index Index Global Investment House 258<br />
2 Invest AD - UAE Total Return Index Invest AD 80<br />
3 ADCB Arabian Index Fund Index <strong>Abu</strong> <strong>Dhabi</strong> Commercial <strong>Bank</strong> 53<br />
4 Sanaya Dow Jones Kuwait Index Index Industrial & Financial Invest. 37<br />
5 ADCB MSCI UAE Index Fund Index <strong>Abu</strong> <strong>Dhabi</strong> Commercial <strong>Bank</strong> 27<br />
6 <strong>Bank</strong>Muscat S&P GCC LargeCap Index <strong>Bank</strong>Muscat SAOG 25<br />
7 HSBC Amanah Global Equity Index HSBC Saudi Arabia Ltd 14<br />
Al Madar Finance &<br />
8 Al Madar US Index Fund Index 14<br />
Investment<br />
9 Al Muthanna Islamic Index Fund Index Al Muthana Investment Co 13<br />
10 HSBC Amanah Commodity Index Index HSBC Saudi Arabia Ltd 13<br />
Source: Lipper Rankings, Lipper, a Thomson Reuters Company<br />
Fixed Income Funds<br />
In <strong>2012</strong>H1, fixed income fund assets increased by 23.2%, with net inflows <strong>of</strong> US$<br />
235 million. Sukuk funds saw net inflows <strong>of</strong> US$ 77 million, while conventional bond<br />
funds saw net inflows <strong>of</strong> US$ 158 million.<br />
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