MENA Fund Managers Continue To Increase Investments In Kuwait: Reuters Poll

www.oann.com | 4/23/2019 | Staff
DUBAI (Reuters) – 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.

A third of the managers who took part in the poll said they would increase investment in Egypt, and the same proportion said they would decrease investment in Qatar.

Fund - Managers - Investments - Kuwait - Trend

Six of the 11 fund managers polled said they would increase their investments in Kuwait, continuing a trend from previous months.

Kuwait’s index is up 20.7 percent this year, making it the best performing market in the region.

Week - Index - Compiler - MSCI - Kuwaiti

Last week, index compiler MSCI said it would upgrade Kuwaiti equities to its main emerging markets index in 2020, a move that could trigger billions of dollars of inflows from passive funds.

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.

Kuwait - Capital - Market - Authority - Tuesday

Kuwait’s Capital Market Authority said on Tuesday that Kuwaiti stocks could attract inflows of around $5 billion.

Four of...
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