27.05.2010 - Gulf investors prefer emerging market exposure-study
From Reuters: Middle East investors are looking to invest more in emerging markets than in North America, Europe or Japan, lured by the higher returns such regions offer, a study released by U.S.-based fund manager Invesco Ltd showed. Many sovereign wealth funds have started to invest more passively, so they have been looking at index trackers more than direct investments. In a report published on Wednesday, the global money manager said about 82 percent of the more than 200 participants it surveyed forecast a preference for exposure to emerging markets in the next three to five years, compared with 30 percent for North America and 14 percent for Europe..............................................Full Article: Source
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