"Ninth One" surrounds the Emirati shares in the trade war

Ninty One has announced that it is buying the shares of Emirati businesses with the increasing demand for less affected investments in the commercial war led by Donald Trump. The start of the company’s emerging market team, which amounts to $ 11 billion, prefers to invest in the UAE in search of ‘markets that are not linked to US customs duties, according to Varun Ligwala, co -manager of the equity portfolio in emerging markets. He added that the company was improving its investments in the UAE stock market by buying shares of companies such as “Emar Real Estate” and “Abu Dhabi Commercial Bank”. “The UAE follows an opposite approach to what the United States does, as agreements with commercial partners are concluded and accept a more open policy towards immigrants,” Ligwala said during an interview in London last week. He continued, “can investment in the UAE be considered a kind of escape strategy, or the search for a safe haven? ‘s inclusion in Dubai during December, and fell by 10% from the initial offering price. In ‘Meituan’ for food delivery services and the ‘Trip.com’ group, which provides online travel services, within other Chinese shares in the investment portfolio. Ligwala said he added the contribution of the Turkish company “Askelan”, which specializes in defense industries, three months ago because it “benefits from the trend from which the rest of Europe benefits, which is the defense sector.” Asilsan’s income from outside Türkiye is faster than its revenue in Türkiye. The shares of the company have risen 62% since the beginning of the year. The UAE has an extra weight. Ligwala said the fund gave the UAE shares a weight of 3% compared to its standard weight in the “MScI” index for emerging markets, making it “one of our biggest excess weight positions”. UAE shares occupy the fifth largest weight in the MSCI index for emerging markets between countries outside Asia. The MSCI index has risen by 4.1% since the beginning of the year and beat the S&P 500, which amounts to 4.1%. However, the Emirati shares in the Ninth One portfolio did not achieve the same strong performance compared to the standard index of emerging markets, as Emaar and “Talabat” for each of them increased by 2%, while the share of “Abu Dhabi Commercial Bank” rose slightly by 0.6%.