MENA fund managers to increase Saudi investments with eye to recovery – ZAWYA

SourceZawya
SectorFinancial Markets
CountrySaudi Arabia

MENA fund managers to increase Saudi investments with eye to recovery Half of the eight fund managers polled by Reuters said they would increase their allocations in Saudi Arabia, the Gulf's largest economy    The King Fahd highway in Riyadh, Saudi Arabia. Image use for illustrative purpose DUBAI  - Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, according to a Reuters poll, betting on the kingdom's ability to bounce back from the coronavirus and low oil price shocks.  The region, which has imposed strict lockdown measures as it deals with the outbreak, is home to many oil producers, who have seen the price of their main resource tumble as they spend to help support their economies.Half of the eight fund managers polled by...read more...