Путешествия по Европе Голосов: 2 Адрес блога: http://sempreprimo.blogspot.com/ Добавлен: 2008-08-17 13:20:58 блограйдером avanti

EFG Hermes: MENA Strategy Note (08-Aug-11)

2011-08-08 11:00:00 (читать в оригинале)

Early signs indicate that the current sharp sell-off in MENA markets is unlikely to last for more than a few days, unlike the sustained selling pressure we saw in mid-2008. We do not believe that the US credit rating downgrade is itself enough to cause prolonged market weakness, although the Eurozone remains a major source of risk. We note that investors are far less leveraged than in 2008, and foreign investors are relatively uninvested in the region. MENA markets typically outperform global markets during periods of weakness, principally due to higher dividend yields, in our opinion.