Mena’s leading funds maintain top ranks

Zawya, the leading online provider of business intelligence on the Mena region, announced on Monday its new quarterly Funds Ranking results for Q1 2011. Zawya Funds Ranking is the first and only independent ranking system in the region, addressing the rising demand for accurate information, unbiased research and analysis, as well as increased transparency in the Mena funds industry. This quarter, 11 funds succeeded in maintaining their leading positions on top of the ranking, while the 10 other categories all have new funds in first place. The Q1 2011 ranking consists of 15 conventional and six Islamic categories, a total of 21, an increase from last quarter’s 19 categories. Two new categories have been added: Egypt Balanced Conventional and Egypt Equity Islamic. Among the top-ranked funds in Q1, 2011 conventional categories are: Al Mal UAE Equity Fund in the UAE Equity conventional category, Markaz Arabian Fund in the Mena Equity conventional category, Gulf Gate Fund in the GCC Equity conventional category, Al Arabi Saudi Equity Fund in the Saudi Arabia Equity conventional category, NBK Qatar Equity Fund in the Qatar Equity conventional category, and Arab African International Bank Investment Fund in the Egypt Equity conventional category. From / Gulf Today