What will continued volatility in the region mean for Saudi investors?
Marwan Haddad, lead portfolio manager at Al Mal Capital, discusses the bombing of the presidential palace in Yemen’s capital by Saudi Arabia and its impact on markets in the Middle East. He speaks on “Bloomberg Markets: Middle East.”
Haddad said that being present in the region for decades makes investors accustomed to turmoil, and volatility.
“When you consider this fact, it goes into your investment strategy and processes, so we expect volatility and that’s the premise upon which we manage our portfolios,” said Haddad.
“The best way to go forward is to invest in sound businesses, such as the healthcare sector which for the past 3 years has been performing very well.”
He added that politics will contribute to volatility for sure, “but these things tend to fade away when looking over the long term.”