Europe’s largest asset management company sees its clients rich people in gulf countries They are looking to invest beyond US markets, as the focus is more on stocks in developing countries such as China and India.
“Institutional investors in the region are looking to further diversify the portfolio, discover country-specific stories and capitalize on growing internal demand,” said Nisreen Srouji, CEO of Amundi SA in the Middle East.
She added that some regional sovereign wealth funds are also taking large positions in exchange-traded funds, targeting players controlling every sector including infrastructure and real estate, and many clients are looking to sustainability investments, or what is known as ESG, according to Bloomberg. And Al Arabiya.net reviewed it.
With sovereign investors around the world increasing their exposure to equities, a surge in global equities and higher oil prices helped the wealth fund industry surpass $10 trillion in assets last year for the first time.
Some are increasingly focused on the United States and toward Asia, according to data provider Global SWF, where the Saudi wealth fund applied for a QFI license in China late last year.
AUM’s Gulf clients grew in 2021 as they became more active in investing in stock markets around the world, according to Srouji. Which said, “The rise in oil prices increases investment appetite with the availability of liquidity.”