Wealth Creators: Where are region's big investors putting their money? | ZAWYA MENA Edition

Wealth Creators: Where are region's big investors putting their money? | ZAWYA MENA Edition:

Europe may no longer be a favourite investment destination for the Middle East sovereign wealth funds. Instead, investors are increasingly training their sights on Asia, mainly China.

As the political uncertainty triggered by Brexit continues to plague Europe, some 88 per cent of investors from the Middle East have exposure to China, versus 73 per cent for all investors globally, according to Invesco’s latest Global Sovereign Asset Management Study.

Slowing economic growth and perceptions of rising political risk have led to a decline in the attractiveness of major European economies. The report said that Brexit is now influencing asset allocation decisions for 64 per cent of all sovereigns, and this is higher in the Middle East, at 78 percent.