The brokerage expects Saudi Arabia to be less exposed to trade risks, and upgraded the top oil exporter to “overweight” from “underweight”
The $4bn increase shows progress but is well short of the trillions of dollars in additional resources needed annually to finance the clean energy transition
The kingdom continues to be under-represented in the portfolios of emerging markets investors despite being the sixth index in the MSCI EM Index
The framework will look at accelerating the adoption of distributed photovoltaic systems, and the development of innovative new technologies and business models in emerging markets
Aramco sold $8bn in tranches maturing in three, five, 10, 30 and 50 years
The manager has already moved about 90 per cent of that money into markets such as China and India, after cutting some positions in developed markets
Recovering from the ‘great compression’ caused by Covid-19 is going to be a slow and uncertain process, led by epidemiological factors