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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Demand stampede for Investment Corporation of Dubai bonds

Posted on 28 May 2014

Bonds sold earlier this month by the Investment Corporation of Dubai (ICD) sparked demand three times in excess of what was offered, signalling that investors have put debt woes behind them as the UAE’s economy flourishes.
ICD’s sale, the first for the Dubai government investment giant, also comes amid renewed interest in emerging market debt, an asset class that has been battered by the tapering of the US Federal Reserve’s monetary stimulus and political and economic instability in countries such as Russia, Brazil and Indonesia………………………………………..Full Article: Source


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