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Investors are growing more enthusiastic about the Middle East and North Africa (MENA) region, argues a story from ViewsWire, a sister service of Financial Services Briefing. The recent launch of a new MENA equity fund by Barings Asset Management, with a large share of holdings in the financial sector of Egypt, Turkey and Abu Dhabi, is indicative of the trend.
Share prices—especially for lenders—have been depressed by Dubai’s debt crisis, offering plenty of upside potential if the region’s longer-term growth prospects can be believed. Complicating matters are restrictions on foreign investments, patchy regulatory regimes and a history of wrenching volatility in many MENA markets. There is little doubt that the region offers enticing opportunities for investors, but these are “limited in range and carry a high degree of risk,” ViewsWire argues.
Read more at Financial Services Briefing: “Investors enthused” (March 4th)