Browsing: local investment funds

The asset management sector in the UAE is booming, with the number of licensed companies increasing by 83 per cent and the total value of portfolios reaching AED 35B ($9.5B).

The Securities and Commodities Authority (SCA) announced a significant rise in Assets Under Management (AUM) by firms authorised to manage portfolios and investment funds, totalling approximately AED 35B. This increase is attributed to the SCA’s ongoing initiatives to enhance the UAE’s asset management sector and fortify its regulatory framework in accordance with international standards, aligning with the UAE’s ambition to establish itself as a premier global hub for asset management.