mena funds directory 2012 · about the directory mena funds directory 2012 your free guide to the...

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Premium Sponsors

2012MENA Funds Directory

This document is provided by Zawya LLC for guidance only, and does not constitute any form of advice, recommendation, representation, endorsement or arrangement of any kind. The information provided herein is for your general information and use only and is not intended to address your particular requirements, and should not be used as a substitute for consultation with professional advisers. Before making any decision or taking any action, you should consult with a professional adviser who has been provided with all the pertinent facts relevant to your particular situation.

Data included in this publication is believed to be accurate, but is provided “as is”, with no assurance or guarantee of completeness, accuracy or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability and fitness for a particular purpose. Zawya LLC holds all copyrights to this document and no part thereof may be reproduced or replicated without prior explicit and written permission.

All Rights Reserved. www.zawya.com

DisclaimerCopyright © 2012 Zawya

MENA FUNDSDIRECTORY 2012

ABOUT THE DIRECTORY


Your Free Guide to the Rapidly Growing Regional Funds Marketplace

With over 550 funds listed, Zawya’s 2012 MENA Funds Directory is the only directory of its kind, with the most complete funds listing in the Middle East & North Africa. Providing the broadest overview of regional funds and providers, it is the quickest way for investors targeting the MENA funds industry to locate funds, strategies and management firms that meet their criteria.

Featuring objective and concise fund profiles, the 2012 MENA Funds Directory provides in-depth insight into the key strategies & tactics from the most accurate and reliable data available. Organized alphabetically by asset type, country and fund manager, each fund profile contains essential fund information and data, including:

Fund & Managers’ Names Inception Dates and Currency Domicile and Geographical Coverage Investment Strategy Breakdown Structural and Subscription Details

As the number of MENA funds continues to grow, so does the need for accurate, consistent and easily accessible information. The Zawya Funds Team is dedicated to providing increased transparency, education and connectivity to the regional funds industry.

ABOUT ZAWYAZawya is the leading online business intelligence platform focusing on the Middle East and North Africa, with over 1,000,000 professionals from around the world using our services, including the Zawya Funds Monitor, to find and connect to the right business and investment opportunities in the region.

Our wide range of unique content and tools include detailed profiles of the top companies in the Middle East, Zawya Dow Jones live news, comprehensive industry and asset class research, as well as an exclusive online network for professionals focusing on the region.

Subscribers to Zawya’s Funds Monitor service receive online access to the database, funds analytics, exclusive funds ranking and news, as well as the Zawya Funds Insight, our monthly newsletter featuring fund manager interviews and articles from experts on regional funds.

For more information please contact:

Zawya Funds Monitor

+971 4 233 8124

[email protected]

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Contact: Stephen CarriereHead of Marketing and Corporate CommunicationsQatar Financial Centre AuthorityE-mail: [email protected]: +974 44967784www.qfc.com.qa

Shashank Srivastava

Qatar Financial CentreAuthority

Fund management is an increasingly vibrant sector of the Gulf �nancial services industry. There are sound reasons to believe that the industry is in good shape regionally and that its prospects are promising. In the last few years, fund management in MENA has matured on several crucial criteria. More �rms – regional and international – have entered the market, local investors are increasingly showing greater interest in employing the services of �rms doing business in domestic markets and the range of products (including Sharia’a compliant investments) has increased.

Robust economies have underpinned the industry’s expansion. Hydrocarbon prices have fuelled growth and rising per capita incomes and helped to create signi�cant pools of wealth. Bank of America Merrill Lynch estimated GDP growth in MENA and the GCC at 5.8% and 6.9% respectively in 2011. The bank’s corresponding forecasts for 2012 are 4.0% and 3.9%, still healthy rates. Looking further ahead, growing and wealthier populations will also stimulate the need for closely related services such as insurance. The MENA region’s intensifying ties with Asia and the Paci�c will be another source of strength in the future.

Several countries in the region are taking steps to further support the fund management industry. Legal, regulatory and tax environments for basing asset management operations in the region are among the most business-friendly in the world. Moreover, these regimes are evolving to better meet the needs of regional companies and others from outside the region looking to extend or establish their business in the Gulf.

This Directory is a welcome initiative which will improve the quality of information in the market and is in itself a sign of how the Gulf fund management industry is maturing. All in all, I believe there is a strong case for being optimistic about the development of the fund management industry in our region.

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QFCA FundsDirectory Advert - FinalUD.pdf 1 1/11/2012 3:48:16 PM

THE RIGHT FUND RESEARCH THE RIGHT KNOWLEDGE THE RIGHT INVESTMENT DECISION

Copyright © 2012 by Standard & Poor’s Financial Services LLC (S&P), a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved. STANDARD & POOR’S, S&P, GLOBAL CREDIT PORTAL, are registered trademarks of Standard & Poor’s Financial Services LLC. Capital IQ is a registered trademark of Capital IQ, Inc.

S&P Capital IQ and its affiliates provides a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address. An S&P Capital IQ fund rating is not investment advice, is not intended for any particular investor and past performance is not necessarily indicative of future results.

Demonstrating excellence in a crowded and critical market can be tough for a fund manager. Selecting the best funds to meet investment objectives is equally tough for wealth managers.

Let the wisdom gained over more than 20 years of international qualitative fund research help share the load.

+44 207 176 8500 www.fundsinsights.com

This is a non-retail communication; it is not intended for retail clients.

Content


Balanced Funds

Capital Guaranteed Funds

Capital Protected Funds

Equity Funds

Feeder Funds

Fixed Income Funds

Fund of Funds

Hedge Funds

Hedge Feeder Funds

Hedge Fund of Funds

Index Funds

IPO Funds

Money Market Funds

REITs

Sector Funds

Sukuk Funds

Trade Finance Funds

17

31

35

39

195

201

225

257

263

269

273

287

293

319

327

343

355

19

Asset Type GEO Coverage

Domicile Currency

Inception Date Shariah Compliant

Min Subscription

Min Subscription Notes

Eligibility

Objective

Investment Strategy

Egypt Balanced Funds


Fund Manager: AT - Asset ManagementAT - Asset Management

Al Baraka Bank Egypt

Balanced

Egypt

August-2010

EGP 1,000

In multiples of 1 unit thereafter

Open to all investors

To achieve capital appreciation

The fund’s assets will be invested mainly in a diversified portfolio of Shariah compliant equities of companies listed on the Egyptian stock exchange. The fund will also invest in fixed income Shariah compliant securities.

For more information please visit our platform on www.zawya.com/funds

Zawya Code TAABRKA.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Balanced

Egypt

October-2010

EGP 10,000

In multiples of EGP 100 thereafter



The fund’s assets will be invested mainly in fixed and variable income securities and in equities of companies listed on the Egyptian stock exchange and global depository receipts of Egyptian companies.

Zawya Code BLTASGI.MF

Egypt

EGP

NO

Fund Manager: Beltone Asset ManagementAT - Asset Management

National Société Générale Bank Fund II

20


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy



Fund Manager: Blominvest BankAT - Asset Management

BLOM Pyramids Balanced Fund

Balanced

Lebanon

June-2010

1 unit

In its multiples thereafter


To generate superior risk-adjusted returns while insuring long-term capital preservation

The fund’s assets will be invested mainly in equities listed on the Egyptian stock exchange as well as in fixed income securities.


Zawya Code BLMPYRA.MF

Egypt

USD

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Balanced

Egypt

March-2008

5 units


Principle Bank for Development and Agricultural Credit


To achieve capital growth along with generating income

The fund’s assets will be invested mailny in a balanced portfolio of fixed income instruments and equities listed on Cairo and Alexandria Stock Exchange.

Zawya Code EFGMASS.MF

Egypt

EGP

NO

Fund Manager: EFG-Hermes HoldingAT - Asset Management

Al Massy Fund

21

Egypt

USD

NO

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy



Fund Manager: El Ahly Fund ManagementAT - Asset Management

Bashaer Fund

Balanced

Egypt

February-2008

10 units



To achieve capital growth

The fund’s assets will be invested in a diversified portfolio of Shariah compliant Egyptian equities, Islamic Deposits, and other Islamic mutual funds.


Zawya Code AHLBAIF.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Balanced

Egypt

September-1994

1 unit


National Bank of Egypt


To achieve capital growth along with reducing related risk

The fund’s assets will be invested mainly in a diversified portfolio of financial securities including stocks, bonds, and local treasury bills. The fund may also invest in other funds.

Zawya Code AHLNBE1.MF

Egypt

EGP

NO


National Bank of Egypt Fund I

22


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy




National Bank of Egypt Fund II

Balanced

Egypt

October-1995

5 units





The fund’s assets will be invested mainly in a diversified portfolio of securities including stocks and bonds. The fund may also invest in local and foreign money market instruments.



Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Balanced

Egypt

May-2007

1 unit





The fund’s assets will be invested mainly in a diversified portfolio of equities and fixed income instruments. The fund may also invest in Treasury Bills.


Egypt

EGP

NO

Fund Manager: El Ahly Fund Management

National Bank of Egypt Fund V

23

Egypt

EGP

NO

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy



Fund Manager: HC Securities and Investment

Credit Agricole Egypt Fund IV

Balanced

Egypt

July-2011

10 units



To achieve medium to long term capital appreciation with moderate risk

The fund’s assets will be invested mainly in equities of companies listed on the Egyptian Stock Exchange and in fixed income instruments.


Zawya Code HCSCAFF.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Balanced

Egypt

June-1996

1 unit


Société Arabe Internationale de Banque


To achieve capital gain while generating a stream of dividends

The fund’s assets will be invested mainly in a diversified group of Egyptian securities that includes equities, money market instruments and fixed income instruments.

Zawya Code PRISAB1.MF

Egypt

EGP

NO

Fund Manager: Prime Investments Asset ManagementAT - Asset Management

Société Arabe Internationale de Banque I

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Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy



Fund Manager: Prime Investments Asset Management - Asset Management

Société Arabe Internationale de Banque II

Balanced

Egypt

September-1997

5 units




To achieve capital appreciation along with generating stable income

The fund’s assets will be invested mainly in a diversified group of Egyptian securities that includes equities, money market instruments and fixed income instruments.


Zawya Code PRISAB2.MF

Egypt

EGP

NO

Jordan Balanced Funds



Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Blominvest Bank

BLOM Petra Balanced Fund (USD Share)

Balanced

Lebanon

August-2008

1 unit



To achieve superior risk-adjusted returns while insuring long-term capital preservation

The fund’s assets will be invested mainly in Jordanian fixed income instruments. The fund will also invest in listed Jordanian equities to a lower extent.

Zawya Code BLMBPBU.MF

Jordan

USD

NO

25

Egypt

EGP

NO

Jordan

USD

NO

Jordan Balanced Funds




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Balanced

Jordan

September-2001

JOD 500




To achieve medium to long term capital appreciation

The fund’s assets will be invested in a portfolio of diversified securities such as equities listed on the Amman stock exchange, money market securities and debt instruments denominated in Jordanian Dinar.

Zawya Code THBJRDN.MF

Jordan

JOD

NO

Fund Manager: The Housing Bank for Trade and Finance- Asset Management

Jordan Securities Fund


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Kuwait Balanced Funds


Fund Manager: Bayan Investment Company- Asset Management

Ea’mmar and Estethmar Fund

Balanced

Kuwait

December-2004

1,000 units



To achieve long term capital appreciation

The fund’s assets will be invested mainly in a balanced portfolio of Shariah compliant Kuwaiti real estate equities and money market instruments.

Zawya Code BICEMES.MF

Kuwait

KWD

YES

26



Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Capital Bank of Jordan Asset Management

Horizon Fund

Balanced

Jordan

March-2005

10 units




The fund’s assets will be invested in a diversified portfolio of listed equities, money market securities and debt instruments in the MENA region.

Zawya Code CAPHRZN.MF

MENA

JOD

NO

MENA Balanced Funds



Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Blominvest Bank- Asset Management

BLOM Cedars Balanced Fund (Tranche A)

Balanced

Lebanon

January-2008

1 unit



To achieve superior risk-adjusted returns while ensuring long-term capital preservation

The fund’s assets will be invested mainly in Lebanese equity and fixed income securities.

Zawya Code BLMBCBF.MF

Lebanon

USD

NO

Lebanon Balanced Funds


27

MENA

JOD

NO

Lebanon

USD

NO

MENA Balanced Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Emirates NBD Asset Management Limited Management

Emirates MENA Opportunities Fund Institutional Share (P Share Class)

Balanced

Channel Islands

March-2010

USD 5,000,000

In multiples of USD 250,000 thereafter

Open to all institutional investors excluding US investors


The fund’s assets will be invested in a diversified portfolio of Shariah compliant investments, predominantly equities. It will distribute its investments across the MENA region with a focus on the GCC.

Zawya Code EBKEMOP.MF

MENA

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Emirates NBD Asset Management Limited

Emirates Islamic Global Balanced Fund (A Share Class)

Balanced

Channel Islands

April-2006

USD 25,000


Open to all investors excluding US investors

To achieve long term capital growth

The fund’s assets will be invested mainly in a Shariah compliant global multi asset class portfolio including but not restricted to, investments in Murabaha, Sukuk, Real Estate and Equity.

Zawya Code EBKEIGB.MF

MENA

USD

YES

Issued in December 2011

28

MENA Balanced Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Royal Capital PJSCAsset Management

Royal Capital MENA Multi-Market Strategy Fund

Balanced

Bahrain

January-2011

USD 250,000


Open to qualified investors (Please refer to the prospectus)

To achieve long term capital appreciation with moderate risk

The fund’s assets will be invested mainly in fixed income and equity instruments across the MENA region and to a lesser extent in commodity linked financial instruments.

Zawya Code RYLMMMS.MF

MENA

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Jordan Investment Trust Asset Management

First Trust Fund

Balanced

Jordan

June-2000

10 units




The fund’s assets will be invested mainly in a diversified portfolio of listed equity securities and fixed income instruments in the MENA region.

Zawya Code JITFRST.MF

MENA

JOD

NO

29

MENA

USD

NO

MENA

JOD

NO

Saudi Arabia Balanced Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB CapitalAsset Management

AlAhli Saudi Dynamic Trading Equity Fund (A)

Balanced

Saudi Arabia

March-2010

SAR 10,000

In multiples of SAR 2,000 thereafter



The fund’s assets will be allocated dynamically in two asset types. The fund manager will invest in equities during positive market conditions and Murabaha assets during declining market conditions.

Zawya Code NCBKSAA.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Falcom Financial ServicesAsset Management

Falcom Multi Asset Fund

Balanced

Saudi Arabia

June-2008

SAR 2,000

In multiples of SAR 200 thereafter for Individual Investors



The fund’s assets will be invested in a diversified portfolio of Shariah compliant investment securities in Saudi Arabia such as Murabaha, Sukuk, investment funds and equity securities.

Zawya Code FALMUAF.MF

Saudi Arabia

SAR

YES

30

Saudi Arabia Balanced Funds




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad CapitalAsset Management

Islamic Balanced Income Fund

Balanced

Saudi Arabia

March-2005

SAR 5,000



To achieve capital appreciation along with steady income

The fund’s assets will be invested mainly in a diversified portfolio of Shariah compliant Saudi equities and fixed income instruments.

Zawya Code RYDISBL.MF

Saudi Arabia

SAR

YES

31

Saudi Arabia

SAR

YES

33

Egypt Capital Guaranteed




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdingsset Management

Al Watany Bank of Egypt Fund

Capital Guaranteed

Egypt

August-2006

10 units


Al Watany Bank of Egypt


To achieve capital protection and periodic income distribution

The fund’s assets will be invested mainly in a diversified portfolio of Egyptian equities and fixed income instruments in order to protect the invested capital.

Zawya Code EFGWTNY.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Cairo Funds ManagementAsset Management

Banque Misr Capital Guaranteed Fund

Capital Guaranteed

Egypt

October-2003

1 unit




The fund’s assets will be invested mainly in the equities listed on the Egyptian stock exchange. The fund may also invest in fixed income securities.

Zawya Code CAIMBCG.MF

Egypt

EGP

NO

34

Kuwait Capital Guaranteed




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Coast Investment and Development Companysset Management

Coast Pearl Fund

Capital Guaranteed

Kuwait

April-2008

1,000 units

In their multiples thereafte


To replicate the performance of the benchmark

The fund’s assets will be invested mainly in equities listed on the Kuwaiti Stock Exchange as per the FTSE Coast Kuwait 40 Index. The fund, at maturity, will provide investors with a 100% capital protection

Zawya Code CICPERL.MF

Kuwait

KWD

NO

35

Kuwait

KWD

NO

37

Egypt Capital Protected




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi Capitalset Management

Al Rajhi GCC Shares Capital Protected Fund (90%)

Capital Protected

Saudi Arabia

July-2010

SAR 10,000



To achieve 90% capital protection and generate capital gains

The fund’s assets will be invested mainly in commodities on a deferred payment basis. The fund shall also invest to a lower extent in a dynamic portfolio of stocks with the objective of achieving capital gains.

Zawya Code RAJPROT.MF

GCC

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: CI Asset Managementsset Management

Commercial International Bank Fund IV

Capital Protected

Egypt

September-2010

50 units



To protect the capital and achieve capital returns

The fund’s assets will be invested mainly in Egyptian equities and fixed income instruments. The fund may also invest in other Egyptian mutual funds.

Zawya Code CIBCIAM.MF

Egypt

EGP

NO

GCC Capital Protected


38

Saudi Arabia Capital Protected




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Alinma Investment Companyet Management

Alinma Saudi Riyal Liquidity Fund

Capital Protected

Saudi Arabia

January-2011

SAR 5,000



To achieve capital protection and returns at minimal risk

The fund’s assets will be invested mainly in commodities, metals excluding gold and silver, and Sukuk.

Zawya Code ALNSRLF.MF

Saudi Arabia

SAR

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi Capitalsset Management

Al Rajhi Local Shares Capital Protected Fund (90%)

Capital Protected

Saudi Arabia

July-2010

SAR 10,000



To achieve 90% capital protection and generate capital gains

The fund’s assets will be invested mainly in commodities on a deferred payment basis. The fund shall also invest to a lower extent in a dynamic portfolio of stocks with the objective of achieving capital gains.

Zawya Code RAJLSCP.MF

Saudi Arabia

SAR

YES

39

Saudi Arabia

SAR

YES

Saudi Arabia

SAR

YES

41

Asia Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ANB Investet Management

Al Arabi Asian Equity Fund

Equity

Saudi Arabia

August-2001

USD 2,000

In multiples of USD 500 thereafter

Open to Saudi citizens and residents


The fund’s assets will be invested mainly in equity securities of companies in the Pacific-Basin (ex-Japan).

Zawya Code ANBAAAE.MF

Asia Pacific

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Samba Capitalsset Management

Samba Capital Asian Equity Fund

Equity

Saudi Arabia

September-2011

USD 2,000



To achieve long-term capital growth

The fund’s assets will be invested mainly in Asian Equities. The fund may also invest in cash or money market instruments.

Zawya Code SMBAEFU.MF

Asia

USD

NO

Asia Pacific Equity


42

Asia Pacific Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB Capitalet Management

AlAhli Asia Pacific Trading Equity Fund

Equity

Saudi Arabia

May-2000

USD 2,000



To achieve competitive returns over the medium and long term

The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on stock exchanges in Asian Pacific countries. The Fund shall also invest short term cash surpluses in Murabaha transactions listed on major Asian Pacific countries.

Zawya Code NCBAAPT.MF

Asia Pacific

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia Limitedset Management

HSBC Amanah Asia Pacific Equity Fund

Equity

Saudi Arabia

October-2006

USD 2,000


Open to all investors provided that they open an account with HSBC Saudi Arabia


The fund’s assets will be invested mainly in listed Shariah compliant equities in Asia Pacific.

Zawya Code HSBAAPE.MF

Asia Pacific

USD

YES

43

Asia Pacific

USD

YES

Asia Pacific

USD

YES

Asia Pacific Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Fransi Capitalset Management

Al Naqaa Asia Growth Fund

Equity

Saudi Arabia

December-2005

USD 1,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on the major stock markets of the Asia Pacific Region.

Zawya Code BSFANAG.MF

Asia Pacific

USD

YES

44



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45

SICO GULF EQUITY FUND SICO SELECTED SECURITIES FUND SICO MONEY MARKET FUNDKHALEEJ EQUITY FUND SICO ARAB FINANCIAL FUND

Investment in these Funds carry significant risk and should be regarded as long term in nature and only suitable for investors who understand the risks involved and who are able to withstand the loss of all or part of their invested capital. The value of an investment in these Funds may decrease as well as increase and there is no assurance that these Funds will be profitable or that investors in these Funds will recover any of their invested amounts. Important information is contained in each fund’s prospectus. Prospectuses can be obtained through Securities & Investment Company.

Once again our outstanding risk-return performance has been recognised by Lipper, awarding two of our funds; the Khaleej Equity Fund and Al Aseel Islamic Equity Fund the ‘Best Equity GCC Fund over 5 years’ and the ‘Best MENA Equity Fund over 3 years’ respectively. These Lipper Fund Awards for 2011 prove once more that our superior regional insight and quality research provides investments with enviable long term returns. To find out more call us on +973 17 515000or visit www.sicobahrain.com.

We win the awards, you enjoy the rewards

9424 SICO-Lipper-Final A4.pdf 1 11/20/11 12:37 PM

47

Bahrain Equity



Shakeel Sarwar

Head of Asset Management

1331, Manama, Kingdom of Bahrain

+ 973 1 751 5000 Ext 5007

[email protected]

www.sicobahrain.com


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Equity

Bahrain

May-1998

1,000 units


Open to all investors provided that legislation in their country of citizenship, residence allows them to do so

To achieve medium to long term capital growth as well as dividend income

The fund’s assets will be invested mainly in equities listed or expected to be listed on the Bahrain Bourse.

Zawya Code SICOSSS.MF

Bahrain

BHD

NO

CONTACT DETAILS

Name

PO Box

Tel

Email

Website

SICO Selected SecuritiesFund Manager: Securities & Investment CompanyAT - Asset

48

China; India Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia Limitedt Management

HSBC Amanah China India Freestyle Equity Fund

Equity

Saudi Arabia

December-2005

USD 2,000




The fund’s assets will be invested mainly in equity securities of Indian and Chinese companies. The fund may also invest in short term money market instruments.

Zawya Code HSBCIEF.MF

China; India

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rajhi Capitalsset Management

Al Rajhi India China Equity Fund

Equity

Saudi Arabia

May-2006

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant China and India equity securities.

Zawya Code RAJRICE.MF

China; India

USD

YES

49

China; India

USD

YES

China; India

USD

YES

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Amwal for Financial InvestmentsManagement

Pioneers Fund I

Equity

Egypt

June-2010

5 units




The fund’s assets will be invested mainly in a diversified portfolio of Egyptian equities. The fund may also invest in other mutual funds, bonds and Sukuks.

Zawya Code AFIPNF1.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Acumen Asset Managementsset Management

Misr Al Khair Fund

Equity

Egypt

March-2010

100 units




The fund’s assets will be invested mainly in equities of companies listed on the Egyptian stock exchange and global depository receipts of Egyptian companies to a lower extent. The fund may also invest in other investment securities.

Zawya Code BLTKHER.MF

Egypt

EGP

NO

50

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Beltone Asset Managementanagement

Beltone Equity Fund

Equity

Egypt

September-2010

500 units




The fund’s assets will be invested mainly in a diversified portfolio of companies listed on the Egyptian stock exchange using a technical analysis approach. The fund may also invest in unlisted securities, fixed income products and Sukuks.

Zawya Code BLTEQTF.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Arab African Investment Managementsset Management

Arab African International Bank Investment Fund

Equity

Egypt

February-1998

5 units




The fund’s assets will be invested mainly in a diversified portfolio of Egyptian equities. The fund may also invest in fixed income securities and mutual funds issued by other banks.

Zawya Code AABSHLD.MF

Egypt

EGP

NO

51

Egypt

EGP

NO

Egypt

EGP

NO

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Cairo Funds ManagementManagement

Arab Investment Bank Fund II

Equity

Egypt

May-2011

1 unit



To achieve long term capital growth

The fund’s assets will be invested mainly in Shariah-compliant equities of companies listed on the Egyptian Stock Exchange. The fund will invest to a lesser extent in cash instruments.

Zawya Code CAIAIBF.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Beltone Asset Management et Management

Suez Canal Bank Equity Fund 2

Equity

Egypt

September-2008

EGP 10


Suez Canal Bank



The fund’s assets will be invested mainly in equities listed on the Egyptian stock exchange. The fund may also invest in fixed income and money market instruments.

Zawya Code BLTAGEF.MF

Egypt

EGP

NO

52

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: CI Asset Managementanagement

CIB and Faisal Islamic Bank of Egypt Fund

Equity

Egypt

October-2006

50 units




The fund’s assets will be invested mainly in the equities of companies listed on the Egyptian stock market.The fund may also invest in Sukuks and Certificates of Deposit.

Zawya Code CIBFIBF.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: CI Asset Managementsset Management

Commercial International Bank Fund II

Equity

Egypt

March-2006

10 units


Commercial International Bank (Egypt)



The fund’s assets will be invested mainly in medium to long term equities traded on the Egyptian stock exchange.

Zawya Code CIBISTH.MF

Egypt

EGP

NO

53

Egypt

EGP

YES

Egypt

EGP

NO

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdinganagement

EFG-Hermes Egypt Fund

Equity

Bermuda

August-1996

USD 10,000




The fund’s assets will be invested mainly in equity and the equity related securities of companies listed on the Egyptian Stock Exchange. The fund may also invest in unquoted securities.

Zawya Code EFGEGYT.MF

Egypt

USD

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Delta Rasmala Asset Managementet Management

ABC First Equity Fund

Equity

Egypt

August-2008

5 units


Arab Banking Corporation Egypt



The fund’s assets will be invested mainly in a diversified portfolio of Egyptian equities. The fund may also invest in other mutual funds.

Zawya Code DRAAFEF.MF

Egypt

EGP

NO

54

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdingnagement

Credit Agricole Egypt Fund II

Equity

Egypt

April-1997

5 units


Credit Agricole Bank


To achieve capital appreciation and income distribution

The fund’s assets will be invested mainly in equity and the equity related securities of companies listed on the Egyptian stock exchange.

Zawya Code EFGCRE2.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


EFG - Hermes Al Baraka Bank Egypt Fund

Equity

Egypt

June-2006

10 units


Egyptian Saudi Finance Bank



The fund’s assets will be invested mainly in Shariah compliant companies, conforming to the investment policy and restrictions specified by the Shariah Supervisory Board of the Egyptian Saudi Finance Bank.

Zawya Code EFGEGSA.MF

Egypt

EGP

YES

55

Egypt

EGP

NO

Egypt

EGP

YES

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


Credit Agricole Egypt Fund I

Equity

Egypt

October-1994

10 units


Credit Agricole Bank


To achieve capital appreciation and periodic income distributionThe fund’s assets will be invested mainly in equity and equity related securities of companies listed on the Egyptian Stock Exchange.

Zawya Code EFGCRE1.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdinget Management

EFG-Hermes Egypt Growth Fund

Equity

Bermuda

October-2007

EGP 10,000

In multiples of EGP 1,000 thereafter


To achieve medium to long term capital growth

The fund’s assets will be invested mainly in Egyptian equities, and equity related securities. The fund may also invest in other financial instruments, such as bonds.

Zawya Code EFGEGGR.MF

Egypt

EGP

NO

56

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdingagement

Banque Du Caire Fund I

Equity

Egypt

November-1995

5 units


Banque du Caire



The fund’s assets will be invested mainly in equity and equity related securities of companies listed on the Egyptian Stock Exchange. The fund may also invest in bonds and T-Bills.

Zawya Code EFGBDC1.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


Faisal Islamic Bank of Egypt Fund

Equity

Egypt

December-2004

10 units


Faisal Islamic Bank of Egypt



The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on the Egyptian stock exchange.

Zawya Code EFGFAIS.MF

Egypt

EGP

YES

57

Egypt

EGP

NO

Egypt

EGP

YES

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


Egyptian Gulf Bank Fund

Equity

Egypt

May-1997

10 units


Egyptian Gulf Bank


To achieve capital appreciation and periodic income distributionThe fund’s assets will be invested mainly in equity and equity related securities of companies listed on the Egyptian Stock Exchange.

Zawya Code EFGEGGU.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: EFG-Hermes Holdinget Management

Bank of Alexandria Fund I

Equity

Egypt

November-1994

10 units


Bank of Alexandria


To achieve capital appreciation and periodic income distribution

The fund’s assets will be invested mainly in equity and equity related securities of companies listed on the Egyptian Stock Exchange.

Zawya Code EFGBAAL.MF

Egypt

EGP

NO

58

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and Investmentagement

Suez Canal Bank Fund

Equity

Egypt

December-1996

1 unit


Suez Canal Bank


To achieve capital growth along with periodic income

The fund’s assets will be invested mainly in the Egyptian equities. The fund may also invest in other mutual funds.

Zawya Code HCSSUEZ.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Global Investment Housesset Management

Global Egypt Fund

Equity

Bahrain

May-2008

USD 100,000




The fund’s assets will be invested mainly in the equities of Egyptian companies listed on the Cairo Stock Exchange. The fund may also invest in bonds, IPOs and pre-IPOs.

Zawya Code GLOEGYF.MF

Egypt

USD

NO

59

Egypt

EGP

NO

Egypt

USD

NO

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


Banque Misr Fund III

Equity

Egypt

December-1997

1 unit


Banque Misr


To achieve capital growth along with steady incomeThe fund’s assets will be invested mainly in Egyptian equities. The fund may also invest in bonds, Egyptian global depositary receipts and in other mutual funds.

Zawya Code HCSBAM3.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and Investmentet Management

Misr Iran Development Bank Fund I

Equity

Egypt

June-1998

10 units


Misr Iran Development Bank


To achieve capital growth along with periodic return

The fund’s assets will be invested mainly in Egyptian equities. The fund may also invest in bonds and mutual funds issued by other banks.

Zawya Code HCSMIR1.MF

Egypt

EGP

NO

60

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy


National Bank of Egypt Fund III

Equity

Egypt

August-2005

5 units




To achieve capital appreciation along with periodic income

The fund’s assets will be invested mainly in Egyptian equities . The fund may also invest to a lesser extent in fixed income instruments.

Zawya Code HCSNBE3.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and Investmentset Management

Banque Misr IV Fund

Equity

Egypt

October-2006

10 units


Banque Misr


To achieve capital growth along with periodic return

The fund’s assets will be invested mainly in the equities of Shariah compliant Egyptian companies. The fund may also invest in global depositary receipts and in other Islamic mutual funds.

Zawya Code HCSBMIV.MF

Egypt

EGP

YES

61

Egypt

EGP

NO

Egypt

EGP

YES

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy


Misr Al Mostakbal Investment Fund

Equity

Egypt

July-2011

1 unit




The fund’s assets will be invested mainly in Equities listed on the Egyptian Stock Exchange. The fund will invest to a lesser extent in fixed income instruments and other mutual funds.

Zawya Code HCSMMIF.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and Investmentet Management

Export Development Bank of Egypt Fund I

Equity

Egypt

February-1996

1 unit


Export Development Bank of Egypt



The fund’s assets will be invested mainly in Egyptian equities. The fund may also invest in mutual funds issued by other banks.

Zawya Code CAIEXDE.MF

Egypt

EGP

NO

62

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NBK Capital Asset Management Egyptgement

Al Hayah Fund

Equity

Egypt

November-2010

500 units




The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on the Egyptian stock exchange. The fund shall also invest to a lesser extent in fixed income securities.

Zawya Code NBKHAYA.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HC Securities and Investmentset Management

National Société Générale Bank Fund III

Equity

Egypt

July-2011

1 unit




The fund’s assets will be invested mainly in equities listed on the Egyptian Stock Exchange. The fund may also invest in money market instruments, fixed income instruments, bank deposits and other mutual funds.

Zawya Code HCSNSGB.MF

Egypt

EGP

NO

63

Egypt

EGP

YES

Egypt

EGP

NO

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Phoenix Kato Asset Managementgement

Piraeus Bank Egypt Equity Fund

Equity

Egypt

April-2008

5 units


Piraeus Bank Egypt



The fund’s assets will be invested mainly in listed Egyptian equities. The fund may also invest in fixed income instruments and in other mutual funds.

Zawya Code PIREEQF.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Pharos Asset Managementt Management

Pharos Fund I

Equity

Egypt

July-2009

5 units




The fund’s assets will be invested mainly in listed Egyptian equities. The fund may also invest in Global Depositary Receipts of Egyptian companies listed on foreign markets and up to 20% in listed equities in the MENA region

Zawya Code PHRFNDI.MF

Egypt

EGP

NO

64

Egypt Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Prime Investments Asset Managementement

Sanabel Fund

Equity

Egypt

February-2007

1 unit



To achieve capital appreciation along with generating stable income

The fund’s assets will be invested mainly in a wide variety of Shariah compliant securities in diverse business sectors. The fund may also invest in other mutual funds.

Zawya Code PRISNBL.MF

Egypt

EGP

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Prime Investments Asset Managementet Management

Arab Misr Insurance Group Fund

Equity

Egypt

June-1995

1 unit



To achieve capital appreciation along with stable income

The fund’s assets will be invested mainly in securities listed on the Egyptian Stock Exchange. The fund manager will maintain liquidity by preserving some cash deposits.

Zawya Code PRIAMIG.MF

Egypt

EGP

NO

65

Egypt

EGP

YES

Egypt

EGP

NO

Egypt Equity




Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Prime Investments Asset Managementgement

BLOM Bank Egypt Fund

Equity

Egypt

July-2009

5 units


BLOM Bank Egypt


To achieve capital growth while generating a stream of dividends

The fund’s assets will be invested mainly in Egyptian listed stocks. The fund may also invest in mutual funds managed by other fund managers.

Zawya Code PRIBLOM.MF

Egypt

EGP

NO


Domicile Currency


Min Subscription


Sponsor

Eligibility

Objective

Investment Strategy

Fund Manager: Prime Investments Asset ManagementManagement

Al Tameer Fund

Equity

Egypt

June-2008

1 unit


Housing and Development Bank


To achieve capital gain along with generating income

The fund’s assets will be invested mainly in Egyptian listed securities.

Zawya Code PRITAME.MF

Egypt

EGP

NO

66

Emerging Markets Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB Capitalment

AlAhli Emerging Markets Trading Equity Fund

Equity

Saudi Arabia

October-2006

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on emerging stock markets and especially those of China, India, Russia, and Brazil.

Zawya Code NCBEMTE.MF

Emerging Markets

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia Limitedet Management

HSBC Global Emerging Markets Equity Fund

Equity

Saudi Arabia

March-2008

USD 5,000




The fund’s assets will be invested mainly in Shariah compliant equities that carry out a substantial part of their economic activities in any emerging market country. The fund will also invest to a lesser extent in cash or Shariah compliant short term money market instruments.

Zawya Code HSBGEME.MF

Emerging Markets

USD

YES

67

Emerging Markets

USD

YES

Emerging Markets

USD

YES

Emerging Markets Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Saudi Fransi Capitalment

Al Fursan Brasil, Russia, India, China Equity Fund

Equity

Saudi Arabia

July-2006

USD 1,000




The fund’s assets will be invested mainly in Shariah compliant listed equities in Brazil, Russia, India & China.

Zawya Code BSFFURS.MF

Emerging Markets

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad Capitalet Management

Future Equity Fund

Equity

Saudi Arabia

June-2006

USD 2,500




The fund’s assets will be invested mainly in international equities.

Zawya Code RYDFEQF.MF

Emerging Markets

USD

NO

68

Europe Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: ANB Investment

Al Arabi European Equity Fund

Equity

Saudi Arabia

August-2001

USD 2,000


Open to Saudi citizens and residents


The fund’s assets will be invested mainly in a diversified portfolio of European equities.

Zawya Code ANBAAEE.MF

Europe

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Aljazira Capitalet Management

Al Thoraya European Equity Fund

Equity

Saudi Arabia

September-1999

USD 2,000


Open to all investors provided that they open an account with Bank Al Jazira


The fund’s assets will be invested mainly in Shariah compliant equity securities of companies listed on European stock markets. The fund may also invest in Murabaha transactions.

Zawya Code BAJATEE.MF

Europe

USD

YES

69

Europe

USD

NO

Europe

USD

YES

Europe Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: NCB Capital

AlAhli Europe Trading Equity Fund

Equity

Saudi Arabia

November-1994

USD 2,000



To achieve competitive returns and long term capital growth

The fund’s assets will be invested mainly in the securities of Shariah compliant companies listed on the European stock markets. The fund shall place uninvested cash balances in Shariah compliant Murabaha transactions.

Zawya Code NCBETEF.MF

Europe

USD

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: HSBC Saudi Arabia Limitedet Management

HSBC Amanah Pan-European Equity Fund

Equity

Saudi Arabia

March-2007

USD 2,000




The fund’s assets will be invested mainly in Shariah compliant equities listed on European stock markets.

Zawya Code HSBAPEE.MF

Europe

USD

YES

70

Europe Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Samba Capitalent

Samba Capital Europe Equity Fund

Equity

Saudi Arabia

September-2011

USD 2,000



To achieve long-term capital growth

The fund’s assets will be invested mainly in equities listed on European Stock Markets. The fund may also invest to a lesser extent in money market instruments.

Zawya Code SMBEEFU.MF

Europe

USD

NO


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Riyad Capitalet Management

European Stock Fund

Equity

Saudi Arabia

May-1992

Equivalent to USD 2,500




The fund’s assets will be invested mainly in European equities.

Zawya Code RYDEUSF.MF

Europe

EUR

NO

71

Europe

USD

NO

Europe

EUR

NO

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Hilal Bank

Al Hilal GCC Equity Fund

Equity

UAE

April-2011

AED 10,000

In multiples of 100 units thereafter

Open to GCC residents


The fund’s assets will be invested mainly in Shariah compliant equities of companies listed on the GCC stock exchanges.

Zawya Code HILGEQF.MF

GCC

AED

YES


Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Ahli Capital Investment Companyet Management

Al Ahli Gulf Fund

Equity

Kuwait

October-2003

1,000 units

In its multiples



The fund’s assets will be invested mainly in equities listed on various GCC stock exchanges.

Zawya Code AHLGULF.MF

GCC

KWD

NO

72

GCC Equity




Domicile Currency


Min Subscription


Eligibility

Objective

Investment Strategy

Fund Manager: Al Rayan Investment LLCent

Al Rayan GCC Fund (Q)

Equity

Qatar

May-2010

QAR 100,000

for IndividualsIn multiples of QAR 10,000 thereafter

Open to Qatari investors


The fund’s assets will be invested mainly in Shariah compliant GCC equities. The fund shall also invest in GCC fixed income and money market instruments to a lower extent.

Zawya Code RAYGCCQ.MF

GCC

QAR

YES

Asset Type GE

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