| Global Islamic fund assets under management (AuM) grew by 7.6 per cent to $58 billion in 2010, up from $53.9 billion in 2009. The growth was largely due to market performance and partially on account of new money inflows, said the Ernst & Young report, which was released on Monday at the World Islamic Funds and Capital Markets Conference in Bahrain.
“Concentration in equities remains, as they account for 39 per cent of the $58 billion assets under management, or 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 $ 50 billion.”.............................................Full Article: Source
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