Mideast funds to boost equities positions, favor Saudi after state budget: Reuters poll:
"Middle East fund managers plan to boost their equity holdings after a very weak year in which the region underperformed emerging markets globally because of geopolitics and slow economic growth, a Reuters poll showed on Sunday.
Egypt’s stock market surged to record highs in 2017 as economic reforms took hold but Gulf Cooperation Council markets sagged, with Dubai’s index .DFMGI falling 4.6 percent and Saudi Arabia .TASI almost flat. By contrast, MSCI’s emerging markets index .MSCIEF soared 34 percent.
As a result, Middle East and North African equity funds returned just 2.5 percent on average in the year through November, compared with more than 21 percent for global emerging market equity funds, according to calculations by Citywire using data from Lipper, a Reuters company. "
'via Blog this'
No comments:
Post a Comment