USD29b profits of GCC assets companies
28 Aug 2011
(MENAFN) Kuwait Financial Center (Markaz) finished and published a report regarding the GCC asset management industry, and this report aims to explore and to evaluate GCC in various fields and sectors, reported Arab news.
The report thoroughly deals with asset management industry in terms of many aspects such as fund coasts, bench marks and performance ranking, assets under management (AUM), numbers and types of fund managed, and top managers across the various markets among others parameters.
On the same matter, the GCC asset management industry manages around USD29 billion in assets. Saudi Arabia has 62 percent of the total. Kuwait comes secondly with 19 percent.
It is worth mentioning that the majority of the GCC country uses domestic stock market indices as their benchmark.