|31 December, 2018

TABLE-Mideast funds wary on 2019, will favour Saudi Arabia, Kuwait

Middle Eastern funds are cautious about prospects for regional markets as a whole in 2019 but expect to pour sizeable amounts of money into Saudi Arabian and Kuwaiti equities

DUBAI - Middle Eastern funds are cautious about prospects for regional markets as a whole in 2019 but expect to pour sizeable amounts of money into Saudi Arabian and Kuwaiti equities, a Reuters poll showed on Monday.

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

INCREASE - 4 DECREASE - 1 SAME - 8

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 - 2 DECREASE - 2 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 - 4 DECREASE - 2 SAME - 7

b) Qatar

INCREASE - 1 DECREASE - 5 SAME - 7

c) Saudi Arabia

INCREASE - 7 DECREASE - 0 SAME - 6

d) Egypt

INCREASE - 3 DECREASE - 0 SAME - 10

e) Turkey

INCREASE - 2 DECREASE - 1 SAME - 10

f) Kuwait

INCREASE - 7 DECREASE - 2 SAME - 4

NOTE - Institutions taking part in the survey are: Al Mal Capital; Al Rayan Investment LLC; Amwal Qatar; Arqaam Capital; Emirates Investment Bank; Emirates NBD; Global Investment House; Invest AD; NBK Capital; Rasmala Investment Bank; Schroders Investment Management; The National Investor; Waha Capital.

(Reporting by Andrew Torchia, editing by Larry King) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))

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