Middle East funds less positive on equities, particularly in Egypt | ZAWYA MENA Edition

Middle East funds less positive on equities, particularly in Egypt | ZAWYA MENA Edition:

Middle East funds have become less positive toward regional equities, particularly in Egypt, because of concern about instability in emerging markets globally, a monthly Reuters poll showed on Sunday. 

The latest poll of 13 leading fund managers, conducted in the past week, showed 15 percent now expect to cut their allocations to regional equities in the next three months while 8 percent expect to raise them.

That is the most negative balance since May 2016. In the previous survey, taken a month ago, 38 percent expected to raise allocations and none expected to implement reductions.