GCC equity funds bounce back along with market
In a recently published quarterly report by Kuwait Financial Centre "Markaz", which aims to analyze the performance of over 150 equity funds across the region, GCC markets were positive in the third quarter as all markets saw gains following a lackluster summer and slow Ramadan month. The Dubai World debt issue was resolved with creditors coming on board for the restructuring.
Fund managers continue to favor Saudi Arabia, with an allocation of 42% though down from 45% in June 2010.
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