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Monday, 31 July 2017

Mideast funds more positive on equities, Qatar balanced

Mideast funds more positive on equities, Qatar balanced:

"Middle East fund managers have become more positive on regional equities and have a balanced view on Qatar following a drop in valuations and as the shock of the sanctions imposed on Doha eases, a monthly Reuters poll showed.

The poll of 13 leading fund managers, conducted over the past week, found 38 percent expected to increase their allocations to regional equities over the next three months and none to reduce them. (For results of the poll, double click )

In last month's poll, 31 percent anticipated raising equity allocations and 8 percent foresaw reducing them. Second-quarter earnings released by Gulf companies this week, while mixed, have given some managers a clearer view of how economies are coping with low oil prices."



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