Regional political unrest that has sent investors scurrying from Gulf stock markets has also thrown up buying opportunities, according to a top official at Invest AD.
Sachin Mohindra, the head of GCC portfolio management at Invest AD, which is owned by the Abu Dhabi Government, said the recently launched GCC Focus fund would be "gradually deploying capital at the right valuation points" to take advantage of declines in prices caused by the unrest as well as by earthquakes in Japan and New Zealand this year.
"[Stocks] have been more negatively affected by this news flow than other asset classes," Mr Mohindra said. "In local markets, the effect has been significantly more than global markets … But in our opinion, the base case for equities is pretty much still intact, whether it is for global equities or regional equities."
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