Goldman Sachs, a leading financial institution, is preparing to offer new investment strategies to both itself and its affluent clientele, enabling them to allocate funds in the public markets of the Gulf region. This move follows recent research by Marc Nachmann, Global Head of Asset and Wealth Management at Goldman, which indicates that companies situated in the Middle East may account for up to 10% of the widely-tracked MSCI Emerging Markets Index in the future. This increase could spur greater international investment in the area.
According to Nachmann’s statements during an interview with Bloomberg Television at the Qatar Economic Forum, Goldman is enthusiastic not only about raising capital from the region but also investing in the local markets themselves. The company believes that there are intriguing prospects for investment in the area, as well as potential for international investors to participate.
This shift away from relying solely on sovereign wealth funds has become increasingly evident in recent times as various Gulf states pursue their own domestic funding needs. In addition, Goldman Sachs has recently announced a strategic collaboration with Abu Dhabi’s Mubadala Investment Company, which will see both firms engaged in direct lending activities throughout Asia. Nachmann highlighted the favorable risk-reward scenario in this sphere at present, citing appealing loan-to-value ratios. Goldman remains confident in managing credit risks despite the current high-interest rate climate.
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