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FinancialNews


  • 02-02-16

    Qatar gets advantage from Mideast fund plans

    (MENAFN) Middle East Fund managers predict to start reconstructing their local equities holdings in the coming months, while Qatar looks like a main beneficiary of any rebuilding of parities positions.

    Accordingly, 43 percent of the managers expect to grow their Qatari allocations, the highest level since Feb 2014, and 7 percent to cut them; last month, the numbers were 36 percent and 7 Pct.

    However, earnings growth become a main concern as firms are obligated to adapt to governments' severity measures, like cuts in electricity, gas feedstock and fuel prices.

    "We are increasing our allocation in the regional banking sector, especially in Qatar, because they offer attractive valuations and high dividend yields," said head of equity funds at Dubai Bank.

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