International asset management companies with a GCC presence will benefit most from MSCI’s designation of UAE and Qatar as emerging markets, according to 58% of respondents to a joint survey from Zawya and Insight Discovery. One-third saw potential for local companies, and the remaining 9% chose international companies without a local presence but with the ability to offer regional funds.
The survey is based on 141 professionals from asset management companies, investment banks, and professional and financial services companies. The respondent base is primarily from UAE (60%), with the rest distributed across Middle East and North Africa.
Respondents indicated that they believed inflows to the region would increase, although the precise amount is disputed; 23% put their estimate between $500 to $1,000 million, with 18% for $250 to $500 million and 17% for over $1,500 million. Nearly half agreed that there would be an asset price bubble in the next three to five years.
Predictions for the next markets to be upgraded by MSCI to emerging markets centered on Kuwait (36%) and Oman (35%). Jordan and (14%) and Bahrain (11%) are also likely contenders.
UAE, Qatar Emerging Markets Status Helps Asset Management Firms, Says Survey
International asset management companies with a GCC presence will benefit most from MSCI’s designation of UAE and Qatar as emerging markets, according to 58% of respondents to a joint survey from Zawya and Insight Discovery.
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