Thursday 23 May 2019

MENA fund managers increase investments in Egypt,# UAE: Poll | ZAWYA MENA Edition

MENA fund managers increase investments in Egypt, UAE: Poll | ZAWYA MENA Edition:

Middle Eastern funds plan to increase their investments in Egypt and the United Arab Emirates over the next three months, while largely keeping their exposure to other countries in the region at current levels, according to a Reuters poll.

Six of the 11 fund managers polled said they would increase their investments in Egypt.

"We see UAE and Egypt being structurally the most attractive markets in MENA," said Vrajesh Bhandari, senior portfolio manager at Al Mal Capital.

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