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  • 19-07-22

    Middle East financers revisits asset allocation due to inflation fears

    (MENAFN) As shown by the latest Invesco Global Sovereign Asset Management Study report increasing inflation and the latest Russian attack on Ukraine are pushing financers in the Middle East to reconsider their asset distribution.

    In line with the report, over half of the rulers in the Middle East district have relocated their portfolios in expectation of additional rate hikes, although the sharp alteration in equities and failure of bonds to shelter portfolios have indicated challenging choices.

    Zainab Faisal Kufaishi, chief of the Middle East and Africa and senior executive at Invesco stated that “Inflation is surging, global growth is slowing and geopolitical tensions are rising. The macro environment is now more uncertain, sending sovereigns to rethink how to position their portfolios as they look ahead.”

    The study report, which comprehensively showed the opinions of 139 head investment officers, advised that international sovereigns’ fixed income allocations have decreased progressively in last years as most of them are moving to private market replacements, especially real estate, private equity as well as infrastructure.

    MENAFN19072022000045014228ID1104552197

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