11.05.2011 - Arab spring dents MENA funds
The longer-term picture shows investment funds in MENA countries have struggled to grow and to reflect economic development, especially in the six countries of the Gulf Cooperation Council (GCC) which benefit from sustained growth and increased oil revenues. Trouble is, the predominance of sovereign wealth funds and pension funds means these giant institutions control the majority of assets. The fund industry also suffers from a lack of openness in domestic markets which restricts cross-border opportunities, while individual investors are often more inclined to hoard their cash than to seek to grow it through investment funds..............................................Full Article: Source
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