Mideast funds bullish on Saudi, cautious on UAE:
"Fund managers in the Middle East are set to pump more money into Saudi Arabia over coming months but may withdraw some funds from Dubai because of concern its red-hot market has risen too fast, a Reuters survey showed.
The survey of 16 leading Middle East-based investment institutions, the first of its kind in the region, was conducted over the past 10 days by Trading Middle East, a Reuters forum for market professionals. The survey was launched in September and will be published monthly.
Half of the institutions said they expected to increase their overall equity allocations to the Middle East over the next three months, while only 13% said they would decrease them."
'via Blog this'
No comments:
Post a Comment