Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE to be major beneficiary of new inflows  Join our daily free Newsletter

MENAFN - Khaleej Times - 01/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) About 51 per cent of sovereign investors increased new exposure to real estate in 2013 and 29 per cent to private equity relative to the total portfoli

Emerging markets are the preferred destination for new capital inflow from the middle east sovereigns and other counterparts globally and the uae will be a major beneficiary because of its safe-haven status in the region according to top official of invesco middle east and co-chair of invesco’s global sovereign group.The leading independent global investment management firm which released its second annual invesco global sovereign asset management study on wednesday said emerging markets — including latin america africa and china — continue to be the winners of new global sovereign flow despite a fundamental preference relative to the total portfolio for developed markets.The study which was conducted amongst more than 50 individual sovereign investors across the globe representing 5.7 trillion2 of assets said sovereign investors particularly those in the middle east continue to favour alternative investments with allocations increasing across all major alterative asset classes including real estate and private equity on a net respondent view basis. “given alternatives underperformed during the period in which their allocations increased it is clear that a strategic asset allocation strategy is driving sovereign investors to alternatives rather than tactical allocation” nick tolchard head of invesco middle east and co-chair of invesco’s global sovereign group said at the media briefing.He said the expected net increase in new funding this year is another key factor that explains this preference for alternatives driven by increasing country surpluses and strong support from governments for their sovereign unds. however the main reason is that many sovereign investors especially those with assets in excess of 50 billion are seeing it take time to deploy assets in alternatives and emerging markets and are yet to reach the asset allocation targets set five years ago.

“sovereign investors are likely to take on a major role in shaping the global economy” he said adding that almost half (46 per cent) of sovereign investors (54 per cent of middle east sovereign investors) expect to see an increase in new funding in 2014 beyond the levels seen in 2013 with clear implications on global capital flow.“about 51 per cent of sovereign investors increased new exposure to real estate in 2013 and 29 per cent to private equity relative to the total portfolio” he said.Tolchard said sovereign investors expect to increase new allocations across all major alternative asset classes in 2014 based on net responses — real estate private equity infrastructure hedge funds and commodities — relative to their 2013 asset placements. amongst middle east sovereigns this includes global private equity (83 per cent in 2014 compared to 60 per cent in 2013) and global real estate (100 per cent in 2014 compared to 67 per cent in 2013) all on a net respondent view basis.Referring to the 2013 study he said the flow of new global sovereign assets continues to reach emerging markets with new allocations to latin america africa china india and emerging asia are expected to increase again in 2014. “this is also a trend amongst middle east sovereign investors with 67 per cent expected to increase allocations to latin america in 2014 (40 per cent in 2013) 50 per cent to africa (40 per cent in 2013) and 60 per cent to india (43 per cent in 2013) all on a net respondent view.— muzaffarrizvi?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 May 26 2016 - UAE tourist spend down 6% in first quarterThe Arabian Post
(MENAFN - The Arabian Post) The overall tourism spend by visitors to the UAE declined by 6% in the first quarter of 2016, according to a report on consumer card spends by Network International, the ...

 May 26 2016 - Saudi's Vision 2030 to be supported by huge organizationsMENAFN
(MENAFN) Saudi Vision 2030's six-fold growth will be accomplished in non-oil revenue to USD 266bn by 2030.Furthermore, the vision aims to grow non-oil government income from USD 43bn in 2015 to USD ...

 May 26 2016 - Qatar, Belgium to enhance bilateral tradeMENAFN
(MENAFN) Qatar and Belgium plan to boost business relations, while there are 31 firms in Qatar controlled by Belgium or have joint venture with Qatari companies.Moreover, Qatar aims to insulate the ...

 May 26 2016 - Thailand Agricultural Machinery Market expected to cross USD 600 million benchmark by 2020: Ken ResearchMENAFN Press
(MENAFN Press) Ken Research announced its latest publication on "Thailand Agricultural Machinery Market Outlook to 2020 - Changing Labour Force Pattern and Improving Credit Environment to Shape ...

 May 26 2016 - Ursais's 31 pts power Pirates past DiamondsArab Times
(MENAFN - Arab Times) Parrel Ursais scored 31 points as CIC Pirates blew things open in the second half en route to their first inter-company game win, 91-73 against Brown Diamonds Friday as the 6th ...

 May 26 2016 - Nissan Al Babtain sponsors Red Bull's Neymar Jr Five Int'l TournamentArab Times
(MENAFN - Arab Times) Abdulmohsen Abdulaziz Al Babtain Co (AABC), the exclusive agent of Nissan in the State of Kuwait always aims to reach its young clients and keep them entertained and engaged in ...

 May 26 2016 - Makkah metro project delayed by restructuringArab Times
(MENAFN - Arab Times) A $16.5 billion mass transit project planned for Saudi Arabia's holy city of Makkah has been delayed so that its financing can be restructured, the head of the implementing body ...

 May 26 2016 - Kuwait's index bounces 45.63 pts volume soarsArab Times
(MENAFN - Arab Times) Kuwait stocks swung higher on Wednesday, as sentiment brightened on rising oil prices and positive regional cues The bourse, after a tame start, jumped 45.63 points to 5368.25 ...

 May 26 2016 - KIPCO hosts 'Speed of Trust' seminar by CoveyArab Times
(MENAFN - Arab Times) The Kuwait Projects Company (KIPCO) hosted Stephen M.R. Covey on his first trip to Kuwait. Covey is a renowned keynote speaker and advisor on trust and leadership and the author ...

 May 26 2016 - Twin assaults squeeze DAESHArab Times
(MENAFN - Arab Times) US-backed Syrian fi ghters and Iraqi forces pressed twin assaults against the Islamic State group on Wednesday, in two of the most important ground offensives yet against the ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help