According to the 5th annual Ernst & Young Islamic Funds & Investments Report (IFIR 2011) released today at the World Islamic Funds and Capital Markets Conference, global Islamic fund assets under management (AuM) grew by 7.6% to US$ 58 billion in 2010, up from US$ 53.9 billion in 2009.
The growth was largely due to market performance and partially on account of new money inflows.
Concentration in equities remains, as they account for 39% of the US$58 billion AuM, but bringing new money into equities is challenging. Fixed income, commodities and alternatives did well in 2010, which was a record year for Sukuk with issuance of US$ 50 billion.
The growth was largely due to market performance and partially on account of new money inflows.
Concentration in equities remains, as they account for 39% of the US$58 billion AuM, but bringing new money into equities is challenging. Fixed income, commodities and alternatives did well in 2010, which was a record year for Sukuk with issuance of US$ 50 billion.
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