GCC Asset Managers Anticipate Increased Inflows Amid Growing Demand for Islamic and ESG Investments: Moody’s

According to a research announcement by Moody’s Investors Service (Moody’s), asset managers in Gulf Cooperation Council (GCC) countries expect increased inflows over the next year amid growing demand for Islamic and environmental, social and governance (ESG)-compliant investments. The announcement was based on a report released on the 20th of September 2021 covering Moody’s 2021 survey of chief investment officers (CIOs) from eight leading fund firms in the GCC.

Why it Matters?

According to Vanessa Robert, Vice President-Senior Credit Officer at Moody’s, half of the CIO respondents anticipate double-digit growth in net inflows, while another 33% expect a high single-digit increase. Stronger fees and improved investment results...