Saudi and Kuwait remain top picks for cautious Mideast funds: poll | ZAWYA MENA Edition:
Middle Eastern funds will invest in Saudi and Kuwaiti stocks this year but remain cautious about other regional markets and are at their least bullish in a January since 2013, according to a Reuters poll.
Saudi Arabia's impending entry into emerging market indexes should mean a $15 billion inflow of "passive" benchmark-linked funds, which will attract billions more of active funds, regardless of low oil prices or geopolitical tensions.
Kuwait will hear in mid-2019 if MSCI will upgrade it to emerging market status. A positive decision could see its stocks gain immediately although entry wouldn't occur until mid-2020.
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