Invesco Asset Management Limited today released its fourth annual Invesco Middle East Asset Management Study. The survey looks at the attitudes and behaviours of institutional and retail investors across the GCC region. Invesco opened its Dubai office in 2005, and has been working with GCC clients for decades, offering financial institutions and investment professionals access to global investment expertise.
According to the study, major sovereign governments and sovereign wealth funds (SWFs) in the Middle East are increasingly considering new private equity models for investment. The study also revealed that the United Arab Emirates (UAE) is the key beneficiary of private capital flow into the Gulf Cooperation Council (GCC) region, with capital from emerging markets, most notably from India, Russia and China, overtaking those from developed markets.
Attached are the English/Arabic version of the full report and two related press releases along with a picture of Nick Tolchard, Head of Invesco Middle East.
Summary of key themes:
- Sovereign Capital profiles
The difference between development and investment SWFs and the growth of new private equity models
- State pension funds in the GCC
The emergence and growth of the state pension fund industry driven by local demographics and the Arab Spring
- UHNW investors, family offices and family businesses
A preference for light-touch single family offices with increasing autonomy from the family business
- Private capital flow between the GCC and international markets
The UAE is the most successful GCC country at attracting capital from MENA and South-South trade
- Expatriate investor segments and preferences
An increase in expatriate time horizons driven by length of stay or home-market bias
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