Quotes: US 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 funds. 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


 






  MENA News Headlines
 Jul 25 2014 - Indian Tech Mahindra, Saudi Midad Holding sign dealMENAFN
(MENAFN) Indian IT giant Tech Mahindra Ltd has signed a joint venture with Midad Holding to expand its existence in Saudi Arabia, according to Arabian Business.The JV will be called Tech Mahindra ...

 Jul 25 2014 - Kuwait's Jazeera profit falls in H1MENAFN
(MENAFN) Rising fuels costs and forced rerouting of flights due to unrest in the Middle East affected the net profits of Kuwait's Jazeera Airways Group in the first half of 2014, according to Arabian ...

 Jul 25 2014 - Dubai's R&B launches two stores in SaudiMENAFN
(MENAFN) The Dubai-based giant Apparel Group's fashion arm R&B, most recognized for its exciting portfolio of international fashion and accessories brands, plans to open two stores in Dhahran and ...

 Jul 25 2014 - UAE's du, Etisalat sign agreementMENAFN
(MENAFN) Du, the UAE's second biggest telecoms operator, has signed a network sharing deal with Etisalat to offer Internet-based phone calls and broadband services across the country before the ...

 Jul 24 2014 - A forgotten tragedyUN experts call for a stronger response to internal displacement in NigeriaMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- Two United Nations human rights experts today called on the Government of Nigeria and the international community ...

 Jul 24 2014 - Address by Cathy McLeod Parliamentary Secretary to the Minister of LabourMENAFN Press
(MENAFN Press) OTTAWA Canada July 24 2014/African Press Organization (APO)/ -- Check Against Delivery Good morning/afternoon. Thank you for joining us. We are here today to discuss a global ...

 Jul 24 2014 - Flydubai to start Mumbai flights in OctoberspanKhaleej Times
(MENAFN - Khaleej Times) Bai-based flydubai on Wednesday announced the launch of flights to Mumbai bringing the total number of destinations served by the carrier in India to seven with 25 flights a ...

 Jul 24 2014 - Dubai: A vision not an illusionspanKhaleej Times
(MENAFN - Khaleej Times) W laws will reinforce Dubais position as a sought-after global investment and business destination Hisham Abdulla Al Shirawi tells Khaleej Times “Dubai and the UAE as a ...

 Jul 24 2014 - Real estate deals in Dubai hit Dh113 billionspanKhaleej Times
(MENAFN - Khaleej Times) Ga projects and investor confidence behind strong transaction volumes The launch of mega projects and renewed investor confidence have boosted real estate transactions in ...

 Jul 24 2014 - Mashreq bank profit surges 40spanKhaleej Times
(MENAFN - Khaleej Times) Shreq bank announced on Wednesday a 40 per cent increase to Dh1.The bank said it net profit in the second quarter reached Dh585 million an increase of 45 per cent from last ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help