Recent regional unrest and the worst financial crisis in a generation have failed to dampen Gulf investors' expectations of huge returns over short periods of time, according to a new survey by NMG Group, a consultancy.
Local GCC investors expect to get 11 per cent returns annually and typically hold on to investments for just 2.2 years, according to the survey of more than 100 institutional and retail investors. Indian expatriates living in the GCC also expected to make 11 per cent a year, but they intended to hang on for longer - 5.7 years, on average.
That contrasted starkly with the views of western expatriates, who were expecting just 7 per cent returns over an average holding period of 6.7 years. Historically, developed-world stock market returns have averaged between 7 and 8 per cent per year.
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