MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Gulf Cooperation Council Region
In 2011, fixed income fund assets increased by 12.5%, with net inflows of US$ 113
million. Sukuk funds saw net inflows of US$ 26.8 million, while conventional bond funds
saw net inflows of US$ 87 million.
Top GCC Fixed Income Funds by Assets
(millions of U.S. dollars, June 2012)
Rank Fund Name Type Sponsor AuM
1 Global Sukuk Plus Fund Sukuk Qatar Islamic Bank (UK) 213
2 GIC Gulf Bond Fund Bond Gulf Investment Corp 160
3 KIC Bond Fund Bond Kuwait Investment Co 150
4 NBAD Cautious Income Fund Bond National Bank of Abu Dhabi 93
5 Bond and High Yield Fund Bond KIPCO Asset Management 84
6 Al Dana GCC Income Fund Bond Commercial Bank of Dubai 78*
7 Emirates MENA Fixed Income Bond Emirates NBD AM 68
8 HSBC Amanah Sukuk Fund Sukuk HSBC Saudi Arabia Limited 58
9 Emirates Global Sukuk Fund Sukuk Emirates NBD AM 53
10 Al Ahli USD Sukuk & Murabaha Sukuk NCB Capital 47
11 Falcon Menasa Bond Fund Bond Falcon Private Bank 44
12 Rasmala GCC Fixed Income Bond Rasmala Investment Bank 42
13 Mashreq Al Islami Income Fund Sukuk Mashreq Capital 38
14 Makaseb Income Fund Bond Makaseb 35
15 Global Bond Fund Bond Global Investment House 27
16 International Bond Fund Bond Riyad Capital CJSC 27
17 InvestAD MENA Bond Fund Bond Abu Dhabi Investment Co 25
Al Dana UAE Fixed Income
18
Opportunity
Bond Commercial Bank of Dubai 24
19 Al Hilal Global Sukuk Fund Sukuk Al Hilal Bank 22
20 Jadwa Global Sukuk Fund Sukuk Jadwa Investment 18
Source: Lipper Rankings, Lipper, a Thomson Reuters Company *Dec-2012
Money Market Funds
In 2012H1, fund assets under management in this category increased by 8.4%.
Estimated net inflows into money market funds were US$ 1.14 billion. Within this
category, trade finance funds saw estimated net inflows of US$ 564 million (assets under
management increased by 8.7%), while conventional money market funds saw net
inflows of US$ 573 million (with fund assets under management increasing 8.1%). In
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