Prospects for improved returns on investment within the Gulf are getting brighter with indications that risk appetite has staged a come back, a leading Swiss private bank said on Saturday, citing Dubai’s recent successful capital-raising as a key bellwether of investor confidence.
The return of investor confidence and the region’s $2 trillion infrastructure investment over the next few years are key indicators auguring the bright growth prospects of the Gulf, said Pictet & Cie, which has assets under management totalling $384 billion.
Oliver Bell, Senior Investment Manager at Pictet Asset Management, said the huge success of Dubai government’s $1.25 billion dual-tranche bond that generated $5 billion of demand, and Emaar’s $500 million bond signalled the rebound of investor appetite.
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