The Bahrain Monetary Agency (BMA), the kingdom's central bank, has announced a phenomenal growth in the mutual fund industry. The total assets under management by BMA-authorized mutual funds grew 55% to US$ 8.3 billion from last year alone, while growth in the past four years is up 180%.
Locally-domiciled funds, particularly Islamic funds, have driven some of the growth in fund registrations in Bahrain, said Mohammad Ayman Al Tajer, Director, BMA Non-Bank Financial Institutions Supervisor.
