Middle East fund managers are reducing their cash holdings and building back long positions in equities and fixed income because of signs that markets have bottomed out, a monthly Reuters poll shows.
During the previous six months
Gulf International Bank (GIB) is offering low volatility and protected strategies on global and regional equities.
In the last few years, markets have suffered from bouts of elevated volatility and large swings
Middle East fund managers have become more positive on Saudi Arabian equities after valuations dropped and because of signs that oil prices may be bottoming out, a monthly Reuters survey shows.
Late last year, managers became bear
Gold's prospects for a sustained price rally are better than they have been for years as a weaker dollar, crashing oil prices and concerns about the global economy have revived its safe-haven status after years as the dog of global financial
US and European shares rebounded from recent weakness on Friday, with reassuring US retail sales data boosting sentiment, while US crude prices rallied from more than 12-year lows.
Banking shares in the United States and Europe sp
Gold hit three-month highs on Monday, extending its biggest weekly rise since July 2013 as sliding stock markets, global growth uncertainty and a softer dollar prompted investors to seek safety in hard assets.
Spot gold reached a
Gulf stock markets rose sharply early on Sunday, with strong trading volumes suggesting some investors were returning after oil prices and global equities jumped at the end of last week.
Dubai's index surged 3.1 per cent to 2,
Gold rallied to its highest in nearly 12 weeks on Tuesday as a fresh rout in world stocks and a slide in oil prices battered appetite for risk, sending investors fleeing to alternative assets.
European stocks fell nearly 1 per cen
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) has appointed Sherwood Dodge as its global head of private equities effective immediately, it said in a statement on Wednesday.
Dodge will shape the fund's strategy i
Middle East fund managers have become more positive on regional equities with a strong bias towards the UAE, and more bearish on bonds, a monthly Reuters survey shows.
The survey of 14 leading fund managers, conducted over the pas