MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Gulf Cooperation Council Region
2011, fund assets under management in this category decreased by 16.8%.
Estimated net outflows from money market funds stood at US$ 2.75 billion. Within this
category, trade finance funds saw estimated net inflows of US$ 526 million (fund assets
under management increased by 8.8%), while conventional money market funds saw
outflows of US$ 3.27 billion (with fund assets under management decreasing by 31.7%).
Top 20 GCC Money Market Funds by Assets
(millions of U.S. dollars, June 2012)
Rank Fund Name Type Sponsor AuM
1 Al Ahli Saudi Riyal Trade Fund Money Market NCB Capital 3,464
2 SAR Int’l Trade Finance Trade Finance Samba Capital 2,539
3 AlRajhi Capital SAR Commodity Money Market Al Rajhi Capital 2,102
4 Al Ahli Diversified SAR Trade Trade Finance NCB Capital 1,647
5 Al Razeen Riyal Fund Money Market Samba Capital 598
6 HSBC Amanah SAR Trading Trade Finance HSBC Saudi Arabia Ltd 569
7 Commodity Trading Fund SAR Trade Finance Riyad Capital CJSC 479
8 SAR Money Market Fund Money Market Saudi Fransi Capital 421
9 Al Mubarak SAR Trade Fund Trade Finance ANB Invest 420
10 Al Dar Money Market Fund Money Market Al Dar Asset Mgmt 230
11 Al Badr Murabaha Fund SAR Trade Finance Saudi Fransi Capital 225
12 AlAhli International Trade Fund Money Market NCB Capital 199
13 AlAhli Diversified USD Trade Trade Finance NCB Capital 182
14 SAIB Trade Finance Fund Trade Finance SAIB BNP Paribas AM 180
15 Al Yusr Saudi Riyal Murabaha Trade Finance Saudi Hollandi Capital 164
16 Saudi Riyal Money Market Money Market Saudi Hollandi Capital 138
USD International Trade
Samba Capital &
17 Finance
Trade Finance Investment Mgmt 129
18
Al Qawafel Commodities
Trading Trade Finance AlJazira Capital CJSC 113
19 USD Commodity Mudaraba Trade Finance Al Rajhi Capital 95
20 Riyadh Money Fund Money Market Riyadh Capital 89
Source: Lipper Rankings, Lipper, a Thomson Reuters Company
90