Press

TABLE-Mideast funds turn bullish on bonds and negative on Saudi equities Oct 03, 2016

Invest AD participates in Reuters monthly asset managers suvery:

 (Reuters) - Middle East fund managers have turned
slightly positive towards bonds while becoming negative on
balance towards Saudi Arabian equities because of tough
austerity policies there, a monthly Reuters poll found.
    For the full story, click
       
    SURVEY RESULTS
       
    1) Do you expect to increase/decrease/keep the same your
overall equity allocation to the Middle East in the next three
months?
   
    INCREASE - 2     DECREASE - 0     SAME - 12

2) Do you expect to increase/decrease/keep the same your overall
fixed income allocation to the Middle East in the next three
months?

    INCREASE - 4     DECREASE - 2     SAME - 8

3) Do you expect to increase/decrease/keep the same your equity
allocations to the following countries in the next three months?
   
    a) United Arab Emirates
    INCREASE - 3 DECREASE - 1 SAME - 10

    b) Qatar
    INCREASE - 1 DECREASE - 4 SAME - 9
   
    c) Saudi Arabia
    INCREASE - 2 DECREASE - 4 SAME - 8

    d) Egypt
    INCREASE - 1 DECREASE - 2 SAME - 11

    e) Turkey
    INCREASE - 1 DECREASE - 2 SAME - 11

    f) Kuwait
    INCREASE - 0 DECREASE - 3 SAME - 11
   
    NOTE - Institutions taking part in the survey are: Al Mal
Capital; Al Rayan Investment LLC; Amwal Qatar; Arqaam Capital;
Emirates NBD; Global Investment House; Invest AD; National Bank
of Abu Dhabi; NBK Capital; Rasmala Investment Bank; Schroders
Middle East; The National Investor; Union National Bank; Waha
Capital.