Middle East and North Africa equities are set to outperform emerging markets as higher dividends and state-funded expansion lure investors hunting for better returns, Franklin Templeton Investment Management Ltd. (BEN) said.
The Bloomberg GCC 200 Index (BGCC200) of the biggest Gulf Cooperation Council stocks rose 3.7 percent in 2012, lagging behind the 15 percent rally in the MSCI Emerging Markets Index. (MXEF) Shares in the Bloomberg GCC 200 Index, which includes the most-traded stocks in the six-nation group, offer a dividend yield of 3.88 percent, versus 2.68 percent on the MSCI Emerging Markets Index, according to data compiled by Bloomberg.
Mideast to Beat Emerging Stocks on Yield, Templeton Says - Bloomberg
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