Middle East funds going bullish for equities | The National

Middle East funds going bullish for equities | The National:



"Middle East fund managers are willing to buy most of the region’s main equity markets on dips, believing corporate earnings and balance sheets will continue improving this year, a monthly Reuters survey shows.



Markets retreated early this month as retail investors rushed to take profits during the worst of the geopolitical uncertainty over Ukraine. Dubai’s bourse fell 6.7 per cent from its peak close to its trough. Qatar’s bourse dropped 3.8 per cent.



But many fund managers said they did not view the pull-back as a sign of long-term vulnerability in the markets, but as an opportunity created by natural volatility."



'via Blog this'