Mideast funds favor Kuwait before FTSE decision, bearish on Qatar: Reuters poll

Mideast funds favor Kuwait before FTSE decision, bearish on Qatar: Reuters poll:

"Middle East funds plan to move aggressively into Kuwaiti stocks as the market prices in expectations that index compiler FTSE will add the Gulf state to its secondary emerging market index, a monthly Reuters poll found. At the end of September, FTSE is to announce its decision on whether to include Kuwait and Saudi Arabia in the index. Analysts at Arqaam Capital and EFG Hermes believe the chances of both countries meeting FTSE’s inclusion criteria are high, though actual entry into index, once a decision was made, would probably not take place until late 2018. Sixty-two percent of respondents expect to raise their allocations to Kuwaiti stocks over the next three months and none anticipate cutting them, according to the poll of 13 regional fund managers conducted over the past week."



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