GCC advisers to up exposure to developed equity markets | GulfNews.com

GCC advisers to up exposure to developed equity markets | GulfNews.com:

"A majority of GCC financial advisers are looking to increase their exposure to global developed equity markets even as a substantial number are also inclined to put their money into the region’s stocks in the coming 12 months, according to a survey carried out by Insight Discovery, a strategic research company.
The survey’s findings point out that 52 per cent and 48 per cent of the advisers are bullish on the equities of the developed and GCC markets respectively. Global emerging equity markets find favour with 47 per cent of the respondents, which is significantly different from last year’s response.
“The biggest shift is away from global emerging markets, which has slipped from pole position to number three,” Nigel Sillitoe, chief executive of Insight Discovery, said. “Whilst emerging markets remain popular, what this might prove is that some advisers have taken some risk off the table by looking to allocate more of their client assets to developed markets.”
When asked about their investments in Sub-Saharan Africa, 44 per cent answered in the positive, saying they are going to increase their weighting in equities of the region."

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