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

 

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.

S/N Fund Manager Net Asset Value (AED Million)

1

First Abu Dhabi Bank

621

2

Invest AD

416

3

Al Hilal Bank

215

4

Abu Dhabi Commercial Bank

167

5

Al Mal Capital

62

6

National Investor Company

49

7

National Union Bank

8

Total Net Asset Value of Local Investment Funds

1,538

 

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:


S/N Fund Manager (abbreviated) Fund name Fund Value

1

Al Mal Capital Al Mal UAE Equity Fund

Equity Fund

31

2

Al Mal Capital Al Mal Real Estate Fund

Estate Fund 

31

3

Invest AD Asset Management

Bluestone Fund

240

4

Invest AD Asset Management

Invest AD FOX Fund, UAE

176

5

National Union Bank

Al Samaha Islamic Fund

4

6

National Union Bank

Union National Bank, Al Itihad Fund

4

7

Abu Dhabi Commercial Bank

Al Nokhitha Fund

144

8

Abu Dhabi Commercial Bank

ADCB MSCI UAE Index Fund

16

9

Abu Dhabi Commercial Bank

ADCB Arabian Index Fund

7

10

First Abu Dhabi Bank

FAB Sukuk Investment Fund

130

11

First Abu Dhabi Bank

FAB Growth Funds - FAB UAE Growth Fund

115

12

First Abu Dhabi Bank

FAB Growth Funds - FAB MENA Growth Fund

26

13

First Abu Dhabi Bank

FAB MENA Income and Growth Fund

127

14

First Abu Dhabi Bank

FAB Islamic MENA Growth Fund

95

15

First Abu Dhabi Bank

FAB UAE Trading Fund

128

16

The National Investor Co.

The National Investor leading shares Fund in UAE

49

17

Al Hilal Bank

Al Hilal Global Balanced Fund

52

18

Al Hilal Bank

Al Hilal GCC Equity Fund

33

19

Al Hilal Bank

Al Hilal Global Sukuk Fund

130

Total

1,538


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.

S.N Foreign Investment Fund Headquarters Number of registered funds

1

Luxembourg

95

2

Ireland 

35

3

India 

17

4

Cayman Islands 

9

5

Saudi Arabia

6

6

Pakistan

3

7

Dubai International Financial Center

2

8

England 

2

9

Mauritius 

1

10

Jersey 

 

1

Total Funds

171

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.

The nature of the Fund's offering in the State Number of registered funds

Public Offering

158

Private Offering

13

 Total Funds 171

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.

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