Markets BlackRock-backed fund favours Saudi equities By Pramod Kumar April 11, 2025, 9:35 AM Reuters/Faisal Al Nasser Saudi Arabia’s demographic strengths, diversification strategy and resource base provide a solid foundation for long-term growth A South African fund manager, backed by US-based BlackRock, has favoured the Saudi and Indian stock markets among emerging nations, despite new US tariffs, according to a news report. Cogence Pty plans to invest in select emerging markets over the next three to five years, Bloomberg reported, quoting Kerri-Ann Sattary, an executive and investment specialist. Saudi Arabia’s demographic strengths, diversification strategy and resource base provide a solid foundation for long-term growth despite geopolitical tensions and potential declines in oil prices, she said. Aramco losses mirror wider Saudi stock plunge Gulf stocks slide as investors fret over US tariffs Goldman Sachs raises odds of US recession risk to 45% However, Cogence remains “marginally underweight” on most other emerging markets due to Trump’s tariffs. The company, which manages $1.2 billion of assets, is overweight in US equities driven by the push in artificial intelligence. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
