Franklin Templeton launches two Saudi Arabia funds
Providing exposure to one of the world’s most ‘strategic markets’ for investors seeking high growth
Providing exposure to one of the world’s most ‘strategic markets’ for investors seeking high growth
Portfolio manager Mathieu Bortot on his path to a career in investment and the importance of learning to trust your own convictions
The Middle East has surged ahead with its diversification away from oil exports and is investing heavily in a long-term, more sustainable economy, which is making it all the more attractive to foreign investors
The manager discusses why deglobalisation and the dwindling dominance of China will help spread opportunity and growth to other EM economies
While most emerging markets funds are now largely fixated on China and India, Emily Fletcher and the BlackRock Frontiers team aim to dig out ‘nuggets of growth’ in complex yet fast-growing countries
Saudi Arabia has been upgraded by index provider MSCI to its emerging market index, alongside Argentina, which has re-entered the index after being dropped in 2009.
The Investment Association has called for major indices to bypass companies in a new premium listing category for sovereign-controlled companies, despite the Financial Conduct Authority (FCA) offering concessions to the industry on the back of accusations it was pandering to Saudi Arabia as it prepared to list its state-owned oil company.
Saudi Arabia’s promotion from frontier to emerging market in FTSE Russell indices is an opportunity for short-term investors to take profits, while longer-term investors can take the announcement as confirmation the market is moving in the right direction.
The price of Brent crude oil surged above $50 per barrel as rumours swirled that OPEC members had finally reached an agreement, which was later confirmed.
Oil prices could below $20 a barrel in the next six months, says Artemis’ Cormac Weldon, and even the climb back up may not be worth investment.
The sharp fall in BP’s profit was expected, but should investors be expecting more of the same going forward?
Saudi Arabia has today opened its $570bn (£367.7bn) Tadawul stock exchange to direct foreign investments for the first time, which is being widely seen as a crucial stepping stone to the kingdom’s entry into the MSCI Emerging Markets index.