A dose of reality for UAE markets as MSCI upgrade draws near | The National:
"When it was announced last June by MSCI that UAE stocks would be upgraded to emerging markets status, excitement built about the prospect of many billions of dollars of foreign capital washing into local bourses.
With MSCI’s emerging market index tracked by an estimated US$1.5 trillion in international funds, it was hoped that at least a portion of that amount would find its way to the UAE.
To date, the inflows have been smaller than many investors had anticipated. Last month Abu Dhabi and Dubai experienced net inflows from foreigners of $155 million and $44m, respectively, according to data provided by EFG-Hermes, an Egyptian investment bank. It was the first time foreigners were net buyers this year."
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