Middle Eastern funds plan to continue increasing their investments in Kuwait ove...
DUBAI - Middle Eastern funds plan to continue increasing their investments in Kuwait over the next three months, while largely keeping their exposure to other countries in the region at current levels, according to a Reuters poll.
Six of the 11 fund managers polled said they would increase their investments in Kuwait, continuing a trend from previous months. That decision “further supports our constructive view on our existing holdings in Kuwait,” said Mohamed El Jamal, head of public markets at Abu Dhabi’s Waha Capital. Egypt has “the best growth profile in MENA,” said Vrajesh Bhandari, senior portfolio manager at Al Mal Capital in Dubai.The same number of managers said they were decreasing their allocations in Qatar, whose .QSI index has been one of the worst performers this year.
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