GCC more creditworthy thanks to reforms – survey

An overwhelming majority of institutional investors and wealth managers believe that fiscal reforms have made the GCC a more attractive market in which to invest, suggests recently published research.

According to a report produced by European ETF provider Tabula Investment Management, 97% of institutional investors and wealth managers agree with the idea that the GCC’s fixed income market has gained in creditworthiness.

The survey also found that a similar number of respondents (96%) believe that GCC markets could play a key role in building more defensive portfolios amid market volatility and economic uncertainty.

Tabula’s research comes on the back of the firm’s first-ever ETF focused on the GCC’s government bond market.

“We have found that many investors believe that GCC countries are going to be successful in using their current profits to develop new businesses outside of oil and gas,” said Tabula CEO Michael John Lytle.

“They are implementing this view through equities and lack tools to do the same in fixed income. That is why we developed the Tabula GCC ETF,” he added.

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