Onshoring picks up pace in GCC | GulfNews.com:
"The strong revival in regional equity markets and the rise of home grown wealth managers is driving a strong trend of onshoring or booking assets within the GCC region.
According to Boston Consulting Group’s global wealth report 2013 Middle East and Africa region had a 32.1 per cent offshore share — down from 34.4 per cent in 2008. And, with the ongoing attractiveness of regional investment opportunities — compared to global opportunities — this figure is expected to continue to decrease to 31.6 per cent in 2018.
Cash and deposits comprised 60 per cent of MEA’s wealth in 2008, which dropped to 52 per cent in 2013 as equities grew in popularity. This trend is predicted to continue until 2018, with the wealth breakdown anticipated to be 48 per cent in cash and deposits, 20 per cent in bonds, and 32 per cent in equities."
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