Mideast funds positive on bonds, lukewarm on stocks-survey | Reuters:
"Middle East fund managers have
turned bullish towards fixed income and less positive on
equities as they prepare for an economic slowdown in the Gulf
this year, a monthly Reuters survey shows.
The most recent survey of 14 leading fund managers,
conducted over the past 10 days, found 29 percent expecting to
raise their fixed income allocations to the region over the next
three months and 14 percent to reduce them.
At the same time, 7 percent anticipate raising their equity
allocations and 14 percent reducing them. That is the survey's
biggest balance in favour of fixed income relative to equities
since May 2015."
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