Barings is to launch a Dublin-domiciled Ucits III Middle East and North Africa (Mena) fund.
The vehicle launches on 29 March and will be managed by head of Europe, Middle East and Africa equities Ghadir Abu Leil-Cooper and her team. The fund will focus on sectors Leil-Cooper says stand to grow considerably, such as banking, consumption, infrastructure, resources and property. Benchmarked against the MSCI Arabian ex Saudi Arabia index, the fund offers exposure to Egypt (29%), UAE (20%), Quatar (16%), Turkey (12%), Saudi Arabia (10%), Kuwait (7%), Jordan (4%) and Oman (2%). It is overweight Turkey and Egypt and has a large underweight in Kuwait. “We believe the long-term in...
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