Emirates NBD, a banking group in the Middle East, North Africa and Turkey (MENAT) region, has released its global investment outlook for 2021.
Themed, “The Age of Magic Money”, the 2021 outlook was revealed to media by Maurice Gravier, Chief Investment Officer, Emirates NBD Group.
Speaking at the media briefing, Gravier explained his investment strategy against the backdrop of the unprecedented events of 2020 and their impact on financial markets. The CIO and his team remain confident in imminent economic recovery boosted by widespread distribution of the vaccines and governments’ fiscal stimulus amidst a low-interest rate regime supporting elevated valuations.
Gravier said; “On a tactical i.e. short to medium term horizon, the backdrop is reasonably positive. 2021 should be about clipping coupons in fixed income and finding capital appreciation in stocks with strong earnings growth.
“On a strategic i.e. the long-term horizon however, the investment landscape has changed. We are entering the age of magic money – of low returns and some new risks, should it be inflation or just mountains of debt. Our response is to reshuffle our strategic asset allocation with more emerging markets than ever. They grow faster, with secular drivers supporting them well above the post-pandemic rebound, they are cheaper, and less crowded.”
The CIO also discussed the recent launch of the bank’s multi-asset funds, run from Dubai: Emirates Signature Cautious Fund, Emirates Signature Moderate Fund and Emirates Signature Aggressive Fund, available in AED, EUR and (US dollars). Proudly run from Dubai and domiciled in Luxembourg, the funds offer a direct and constant implementation of Emirates NBD views, with a low minimum investment of USD 1,000 and daily liquidity.
The annual Emirates NBD CIO Outlook is an advisory blueprint covering investment opportunities and key global economic indicators and in-depth financial market insights, based on which Emirates NBD’s team of advisors, strategists and analysts make recommendations on financial transactions and investments to the bank’s qualified clients.