Gulf investments more attractive than South Africa, says Investec

05 October 2010

Investec Asset Management, a South African company which manages $70bn, has said the Gulf region is more attractive for equity investments than either South Africa or Eastern Europe, Bloomberg has reported. “I would put the GCC ahead of South Africa and Eastern Europe,” Michael Power, global strategist at Investec Asset Management, said. In five years time “this region will be more closely hitched to the Asian locomotive, making it more attractive,” he said.

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