08.08.2011 - US to remain preferred choice for Gulf SWFs

The US is likely to remain the preferred investment choice for sovereign wealth funds in the Arab Gulf region despite S&P’s US debt downgrade, according to Henry Azzam, non-executive chairman of Deutsche Bank in the Middle East region. “The downgrade shouldn’t affect the investment strategy of the region’s SWFs. The alternatives are not much better than what we have in the US,” he said..............................................Full Article: Source

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