The Tractor Boys finish the season on 96 points – just one fewer than champions Leicester - to go from the third tier to the first in successive seasons
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There was an estimated $1.15 billion in net inflows to these funds. The increase was primarily attributable to a $1.14 billion increase in money market fund assets. Trade finance funds saw significant net inflows estimated at $564 million, the Mena Asset Management Survey 2012 said.
In the UAE, the second-largest Arab economy, there were 45 locally-domiciled funds with assets under management, or AUM, of $1.1 billion, of which 10 were Shariah-compliant with assets of $145 million. There were 21 funds with an AUM of $704 million that indicated the UAE as its geographic focus.
AUM by companies based in the Dubai International Financial Centre amounted to $8.6 billion, rising 21 per cent year-on-year at the end of September 2012. Domestic fund assets stood at $309 million and foreign fund assets were at $2.4 billion, according to the survey. AUM in portfolios amounted to $5.9 billion.
Mena-domiciled mutual fund assets increased by three per cent year-on-year to $89.6 billion in the first half 2012.
“There were an estimated $2.47 billion in net inflows to these funds,” according to the survey. The increase was primarily attributable to a $3.33 billion increase in money market fund assets. Trade finance funds saw net inflows of $564 million.
The dataset includes 1,340 Mena-domiciled funds with AUM $86.6 billion, and 1,085 funds with Mena or one of the constituent markets as their geographic focus with AUM valued at $74.5 billion.
In first half 2012, Mena-domiciled fund assets increased by three per cent from end-2011 to $89.6 billion for funds tracked in the database.
Equity fund assets including sub-types fell by 2.9 per cent, with net outflows of $590 million.
The four largest funds in the Mena were money market funds. However, in the same period, global mutual fund assets fell 4.5 per cent year-on-year to $24.8 trillion in 73,490 funds due to a weak euro and the exchange rate effect weighing on European fund assets in US dollar terms.
The decline in mutual fund assets largely emanated from the decline in global equity prices from a year earlier. In the second quarter of 2012, equity fund assets were lower than the first quarter and also lower than in the same period a year ago.
The MSCI World Index was down by -7.2 per cent year-on-year in June 2012. The index recovered later as eurozone fears eased somewhat. The index was up by 13.2 per cent year-on-year in 2012.
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