Expats to invest in UAE markets through funds

* username: rupertbu

The funds industry needs to be developed to allow expatriates to invest in local markets and help reduce trading volatility, financial experts say.

Investment vehicles such as social security funds open to foreign residents could encourage expatriates to put their savings into markets, rather than sending their remittances home.

A greater presence of local institutional investors in markets would also ensure more longer-term stability than that provided by foreign short-term investors from outside the region, experts say.