Middle East funds turn negative on equities -survey | Reuters

Middle East funds turn negative on equities -survey | Reuters:

"Middle East fund managers have on balance turned negative towards equities in the region because of low oil prices, instability in the global economy and the prospect of monetary tightening, a monthly Reuters survey shows.

The survey of 14 leading investment firms, conducted over the past week, shows 21 percent expect to cut their regional equity allocations in the next three months, and 7 percent to raise them.

That is a big shift from last month's survey, when 33 percent said they expected to raise equity allocations and 7 percent anticipated cutting them."



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