|01 March, 2018

Mideast funds favour Saudi before index decisions, UAE sentiment improves

Middle East fund managers remain heavily positive towards Saudi Arabia's equity market

Saudi traders monitor stocks at a Saudi Bank in Dammam October 26, 2008.

Saudi traders monitor stocks at a Saudi Bank in Dammam October 26, 2008.

REUTERS/Stringer

Middle East fund managers remain heavily positive towards Saudi Arabia's equity market before index compilers decide whether to upgrade it, while sentiment improves towards the United Arab Emirates, a Reuters poll showed on Wednesday.               

1) Do you expect to increase/decrease/keep the same your overall equity allocations to the Middle East in the next three months?

INCREASE - 3  DECREASE - 1  KEEP THE SAME - 9   

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

INCREASE - 3  DECREASE - 1  KEEP THE SAME - 9    

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 - 4  KEEP THE SAME - 6   

  • b) Qatar

    INCREASE - 1  DECREASE - 2  KEEP THE SAME - 10   

  • c) Saudi Arabia

    INCREASE - 9  DECREASE - 0  KEEP THE SAME - 4    

  • d) Egypt

    INCREASE - 4  DECREASE - 0  KEEP THE SAME - 9     

  • e) Turkey

    INCREASE - 0  DECREASE - 1  KEEP THE SAME - 12    

  • f) Kuwait

    INCREASE - 5  DECREASE - 1  KEEP THE SAME - 7           

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; FAB Securities; NBK Capital; Rasmala Investment Bank; Schroders Middle East; The National Investor; Waha Capital.

(Reporting by Andrew Torchia, editing by Louise Heavens)

© Reuters News 2018

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