MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Bahrain
In addition, we believe that the new regulations provide increased transparency in terms
of roles and responsibilities of various parties involved in the process. This, along with
related rules - for example, liquidation of funds - will facilitate a smoother investment
management process, in general.
We also commend the improvement in corporate governance standards, which will
further enable the regional asset management industry to move ahead despite turbulent
market conditions.
Q/ What is your investment outlook for 2013?
A/ Overall, we are positive as we move into 2013. We are cognisant that many of the
issues which were associated with the 2008 financial crisis still largely prevail. While the
US economy tries to gain momentum, the Eurozone debt crisis, which has seen some
serious progress attained this year, and continuing apprehension of a slowdown in
China, make the environment still precarious. This global economic uncertainty transmits
to GCC markets through volatile oil prices. Although current oil prices are healthy, future
demand concerns are making investors nervous about the outlook for the GCC. The
regional markets which have lagged their global peers look attractive at current levels.
However, the kind of volatility which may prevail in 2013 demands a prudent and
balanced approach to investing.
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