Investment Solutions Forum 2019 HK - Exclusive Insights - Ryan Lemand - 2

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1. Are there any specific countries or sectors in GCC that offer the best values for investors today?

Video transcript

1. Are there any specific countries or sectors in GCC that offer the best values for investors today?

Today, there are three stock markets that are, to a certain extent, quite liquid. They just moved into emerging markets, so they are benefiting from foreign investment inflows as they are part of the inclusion. And these countries are the United Arab Emirates (the UAE), Saudi Arabia, and Kuwait. And we have seen some very good rallies on the stock markets just on the back of very passive flows coming in on the back of the stock market's inclusions. Now, with regards to the sectors, opportunities are, to certain extent, limited. So, you have banks, you have financials, you have consumer companies, you have some of the real estate companies, you have telecom companies, and these companies pay dividends that go from 3% to 7%. So, it’s pretty much similar to a fixed income investment disguised as an equity investment.

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