Mobius Leads Saudi Bulls on Volatility: Riskless Return - Bloomberg

Money managers from Mark Mobius to John Burbank are bullish on Saudi Arabia, where stocks are producing the world’s best risk-adjusted gains in 2012 with lower volatility than longer-term U.S. Treasuries.
The BLOOMBERG RISKLESS RETURN RANKING shows the Tadawul All Share Index has climbed 2.5 percent this year after adjusting for price swings, the biggest advance among equity gauges in 73 nations, as oil rallies and speculation builds that the world’s biggest crude exporter will remove restrictions on foreign investors. Volatility in Saudi Arabia is the third-lowest among the world’s 25 biggest markets and dropped below that of the Bloomberg/EFFAS U.S. Government 10+ Year Index of long-term bonds for the first time since 1996.

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