The Securities and Commodities Authority’s Annual Report reveals the Authority's efforts to strengthen the investment fund industry in the country

• Issuing (395) approvals of promotion of foreign investment fund and (19) local promoters.

• The number of foreign investment funds registered in 2018 for the public offering amounted to (158) funds and (13) for the special offering

• Automating the electronic service of receiving requests for registration of foreign investment funds within the State

The annual report of the Securities and Commodities Authority revealed that during the year 2018, it supported the investment fund industry in the State by following up the completion of the legislative environment of the investment funds in the State by issuing a resolution concerning the controls of incorporating investment funds in the markets and amending the controls of real estate investment funds.

The Authority also automated the electronic service of receiving the requests for registration of foreign investment funds within the State, counting the ownership of local investors in foreign investment funds on a quarterly basis through local promoters of these funds, and counting the ownership of local investors in foreign investment funds on a quarterly basis through the representatives of foreign investment funds, as well as counting foreign ownership in local investment funds on a monthly basis.

In addition to reconciling the status of (70) foreign funds and registering (101) new foreign funds with a total of (171) foreign investment funds during 2018, the Authority issued (395) approvals of the promotion of a foreign investment fund during the year to (19) local promoters.

The annual report of the Authority indicated that the number of foreign investment funds registered during the year 2018 for the public offering amounted to (158) funds and those registered for special offering amounted to (13) funds.

The following are the most important statistics related to the local investment funds included in the Authority’s annual report, which covers the performance of the Authority in this regard until the end of 2018.

Value of local investment funds’ net assets at the end of 2018 according to the fund manager

The following is a review of the total values of local investment funds’ net assets managed by each fund manager, where First Abu Dhabi Bank was ranked first, with 621 million as total value of (6) investment funds’ net assets.

Names of local investment funds and the management company and its net assets value at the end of the year.

The following is an illustrative table of the names of existing local investment funds and names of these funds’ managers as well as net assets value at the end of the year as following:

Part of the Statistics of foreign investment funds registered with the Authority

Distribution of the foreign funds registered during the year according to their headquarters

The following table illustrates the foreign investment funds registered with the authority during the year and distributed according to nationalities of these funds, where the funds established in Luxembourg came in the first place with a total of 95 funds.

Distribution of foreign funds registered during the year according to the nature of the offering in the country

The following is a review of (158) foreign investment funds registered during the year for purpose of public offering and (13) funds registered for private offering.

Investment funds are generally seen as playing a pivotal role in financial markets as they are an appropriate and effective tool for pooling savings and investing them by small investors, thus they are playing an important role in stimulating financial markets, raising investment awareness, and generally supporting financial markets that deal therein, whether by creating a balance of markets or through its approach to attractive investments that achieve its investment objectives and develop the savings of its subscribers.