Pictet Asset Management is launching a Middle East and North Africa offering for emerging market equi...
Pictet Asset Management is launching a Middle East and North Africa offering for emerging market equities head Oliver Bell and co-manager Emad Mostaque. The Pictet Targeted Fund Middle East and North Africa (MENA) will invest across Gulf Cooperation Council countries as well as others including Jordan, Egypt, Morocco and Tunisia. It aims to take advantage of large oil reserves and increasing foreign investment in the regions, as well as their low correlation to global markets. Bell said: “The past ten to 15 years have seen real social change. In many countries a programme of privatisatio...
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