POLL-Mideast funds wary on 2019, will favour Saudi, Kuwaiti stocks | ZAWYA MENA Edition:
Middle Eastern funds are cautious about prospects for regional markets as a whole in 2019 but are likely to pour sizeable amounts of money into Saudi Arabian and Kuwaiti equities, a Reuters poll showed on Monday.
Thirty-one percent of fund managers expect to raise their allocations to regional equities over the next three months and 8 percent to reduce them, according to the monthly poll of 13 leading fund managers, conducted over the past 10 days.
Although that balance is positive, it is the least bullish balance for any month of December since the survey was launched in 2013. Last December, 54 percent expected to raise regional equity allocations and none to reduce them.
No comments:
Post a Comment