Investors looking for emerging-market opportunities to capitalize on the expected global economic rebound should take a look at Saudi Arabia’s equities, according to a strategist at Julius Baer Group Ltd.
Saudi shares “could benefit from the reflation trade, especially with oil moving higher,” said Mathieu Racheter, an equity strategist for emerging markets at the Swiss firm, which has $486 billion in assets under management.
The Tadawul All Share Index has lagged the rebound in the MSCI Emerging Markets Index since last year’s pandemic-spurred rout. Still, it rose for a fourth straight day on Tuesday, climbing to a three-week high as oil headed above $60 a barrel on signs the global market is tightening and demand is improving.
No comments:
Post a Comment