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Capital flows to Middle East
01 August 2011
After a challenging few years in the Middle East, both local and international asset managers are increasing their presence in the region
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Middle East
capital flows
A market with strong fundamentals that will take on a growing importance in world investment flows, drawing more international asset managers to set up in the region as it does so? Or a market whose image has been tarnished by Dubais debt worries, where many managers still havent seen enough critical mass to encourage them to move portfolio management? The Middle East is full of contradictions, and our survey of asset management attitudes shows accordingly divergent views.
Global Investor/isf conducted a detailed survey of both local and international asset managers about their activities in the MENA region, gathering 69 responses. On the whole, they reflect confidence in the future of the region, and in the merits of a physical presence there, but they also reflect headwinds and shaky confidence.
Q1: On the positive side, the majority of respondents expect to increase their resources on the...
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