Mideast funds more positive on stocks as valuations improve -survey | Reuters:
"Middle East fund managers have
turned more positive towards equities in the region after a
plunge in markets reduced valuations and oil prices rebounded, a
monthly Reuters survey shows.
The survey of 15 leading investment firms, conducted over
the past several days, shows 20 percent expect to raise their
equity allocations to the Middle East in the next three months,
while 7 percent expect to reduce them.
That is not a particularly bullish ratio by historical
standards, but it is a positive shift from last month's survey,
when only 13 percent expected to increase equity allocations and
20 percent to cut them."
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