Saudi Stocks May Turn Into Good Reflation Bet, Julius Baer SaysBy
Market seen boosted by higher oil prices in the short term
The Tadawul All Shares Index underpeformed peers last year
Investors looking for emerging-market opportunities to capitalize on the expected global economic rebound should take a look at Saudi Arabia’s equities, according to a strategist at Julius Baer Group Ltd.
Saudi shares “could benefit from the reflation trade, especially with oil moving higher,” said Mathieu Racheter, an equity strategist for emerging markets at the Swiss firm, which has $486 billion in assets under management.