Mideast funds a bit more positive on stocks, bearish on bonds-survey | Reuters:
"Middle East fund managers have become slightly more positive on regional equities after valuations fell, and more bearish on bonds because of a looming U.S. interest rate hike, a monthly Reuters survey shows.
The survey of 14 leading fund managers, conducted over the past week, found 29 percent expecting to raise their regional equity allocations in the next three months, and 21 percent expecting to cut them.
That was a shift from last month's survey, when 21 percent anticipated reducing their regional equity allocations and 7 percent expected to raise them."
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