Middle East: Fund management moves to the forefront

Recent developments in the stock markets of the Middle East have caught the attention of international investors. But they also have the potential to invigorate something that the region has long lacked – a powerful domestic asset management industry.

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Akber Khan, Al Rayan Investment

For many years, asset management in the Middle East has been something of an afterthought to the global industry. With the biggest markets inaccessible and the others representing little meaningful scale in any benchmark index, they have been a side-bet, even an indulgence.

All of that is set to change. The inclusion of Qatar and the United Arab Emirates in MSCI’s Emerging Markets index last year was a sign of things to come.

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