EIS Asset Management (an arm of Emirates NBD, the UAE's biggest bank) is set to announce a new "MENA high-income" fund on March 31. It joins a growing number of funds in the region that are focusing on bonds and sukuk. Which isn't surprising, given the absurd yields we've been seeing recently.
Getting into the fixed-income game in the Middle East is a bet, no doubt, but it's one a lot of folks are willing to make right now: if things go right, in a few years' time, they'll be able to boast about some pretty amazing returns (and claim that it was all skill and no luck, natch).
