GCC equity funds record 21% increase in first half of 2009, says Lipper research report

The latest GCC Fund Market Insight Report from Lipper, published Sunday, has revealed that equity funds registered for sale in GCC markets moved into positive territory for the first half of 2009 (YTD 30th June) recording an increase of 21.14%.

Equity funds registered for sale in the GCC recorded a 30% increase in the second quarter, according to the report.

Compared with the 12.55% loss in the corresponding period in 2008, almost all Lipper equity categories finished H1 2009 in positive fashion, with emerging markets such as Russia, Indonesia and utility funds gaining 70.77%, 60.16% and 58.97% respectively. In contrast, funds invested in Germany weighted-down overall performance – decreasing 2.32%.