Assets under management have seen a significant upswing around the world but these gains have not translated into the top-and-bottom-line growth that wealth managers would expect based on past recoveries, a report said.
A number o
The sector representing Bahrain's investment business firms has been showing strong growth as demonstrated by the figures reported for the third quarter of this year, a report said.
Since the introduction of the investment bus
Global Islamic fund assets under management (AuM) grew 7.6 per cent to $58 billion in 2010, with concentration in equities accounting for 39 per cent of the assets, but bringing new money into equities is challenging, a report said.
The assets under management soared by 10 per cent in the Middle East and the South Africa region above global average thus retaining the momentum of a year ago when the growth rate was 13 per cent, said a report.
The Boston Consulting Gro
Qatar, Kuwait, and the UAE are among the top six countries that have the highest concentration of millionaire households, while Saudi Arabia topped the list for ultra-high-net-worth households, said a report.
Leading regional investment bank, EFG-Hermes, said that its Middle East and North Africa (Mena) Opportunities Fund has raised $1 billion in assets under management (AUM).
Since its inception in September 2007, the Fund has delivered a retu