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GCC Asset Management - 2022

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Executive Summary

The global asset management industry has emerged from the pandemic in a position of strength despite the pandemic-driven market uncertainty. Although there is still the risk of new COVID-19 variants causing turbulence, the industry is in a fairly good position to confront it. Over the past few years, the GCC Asset Management industry has taken huge leaps forward supported by the regulatory changes that have taken place during the period

Despite existing challenges such as subdued growth, increased adoption of passive investing and limited product variety, the regional asset management is poised well to achieve higher penetration if supported by structural reforms. Considering the present low Asset under Management AuM-to-GDP ratio in GCC compared to the global average, there is still much headroom for the asset management industry to grow, both in terms of the quantum of assets managed and product range.

Key Discussion Points

  • Structure of public funds market in GCC region
  • Regional capital market developments
  • GCC Debt market
  • Mutual funds in the GCC region
  • Challenges faced by asset managers
  • Strategies to gather assets in the GCC region
  • Priority areas for regulators to improve asset management industry
  • What opportunities and challenges could unfold amid FinTech developments?
 

Did you know?

  • GCC Asset Management Industry manages mutual fund assets of USD 55.0billion as of December 2021
  • Assets under management (AuM)-to-GDP ratio for the mutual funds in GCC region stands at 3.3% compared to 33.3% global average, implying potential for growth of mutual fund industry in the region.
  • Total number of individual investors in the Saudi stock market stood at 5.59 million as of 2020-end against the country's total national population of about 20.7 million
  • GCC mutual fund asset management market is concentrated among the top asset management companies, with the top 10 asset managers (out of 74 managers) accounting for 83% of the total assets being managed
  • Banks channel forms the backbone for fund distribution in GCC region. Bank customers often are the target group to whom funds are sold
  • Fund fees in the region are higher compared to developed markets like the U.S.A.
  • GCC fixed income is an attractive asset class that generally has lower volatility with higher yields as compared to developed market bonds
  • Demand for 'Sukuk' (Islamic bond) as an asset class has been on the rise even among conventional fund managers.
 

Why purchase the report?

The bull market rally has brought investment funds to the fore. Our flagship GCC Asset Management 2022 report offers insights on asset management industry in the GCC region, their growth path, existing challenges and road ahead.

Wide Coverage and In-depth Analysis: The report provides insights on asset management market structure, detailed analysis of public funds by assets, number, category and asset managers. Private fund details / managed account details are discussed for Saudi Arabia and Kuwait -two key markets in the region
The report dwells on key questions such as how to gather assets from the region, convincing the wealthy to invest domestically and events that could unfold amid ongoing FinTech developments and provides solutions

Key Data Points: The report presents important data points such as,

  • Public fund Assets by Countries (KSA, UAE, Kuwait, Qatar, Bahrain & Oman)
  • Public fund assets by category (bonds, equity, trade finance/money market, real estate, mixed assets)
  • Public fund assets by asset managers
  • Private funds data for Saudi Arabia
  • Managed accounts data for Kuwait & Saudi Arabia
  • Fee structure of funds
  • Corporate debt issuance by value since 2010
  • Sovereign debt issuance by value since 2010
  • Value traded (liquidity) data in regional equity markets since 2006
  • Value raised in IPO since 2005
  • Number of IPOs since 2005

FAQ

Who prepared this report?
Experienced and qualified team of Marmore MENA Intelligence has prepared this report. Since its inception, Marmore has published over 1000 research reports and covered more than 25 varied industries and policy segments; all focused primarily on the GCC economies.

How exhaustive is this report?
The report spans 47 pages

Do you have updates?
No. This is a one off report.

Can I only download certain sections of the report?
No. The report can be downloaded in full length only

Can we ask questions?
Yes, by all means. You can write your queries to us at enquiry@e-marmore.com

Table of Contents

  • Executive Summary
  • Mutual Fund Industry Worldwide and what it portends for GCC
  • Industry Architecture
  • Market Segment
  • Asset under Management Analysis
  • Challenges to the Industry
  • Key questions in GCC Asset Management Industry that must be addressed
  • Appendix - List of Mutual Funds in GCC (KSA, UAE, Kuwait, Qatar, Bahrain & Oman)

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