Schroders Says Dubai Bear Market to Offer Opportunities - Bloomberg:
"The selloff that ended Dubai’s (DFMGI) biggest bull market since 2005 is opening doors for long-term investors, according to Schroders Plc.
“The market is now starting to offer very good entry points,” Dubai-based Rami Sidani, who oversees the $343 million Schroders International Selection Fund, said by telephone yesterday. “Smart money and international investors” who missed Dubai’s rally have stayed on the sidelines and will now jump in, he said.
The DFM General Index entered a bear market yesterday after falling 20 percent from a high on May 6. The drop has been led by real-estate stocks including Arabtec Holding Co. (ARTC), which has tumbled as the second-biggest shareholder cut its stake, the chief executive officer resigned and the company dismissed staff.
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