Three banks in the Persian Gulf to snap up now

Nick Wilson of the Gulf Investment Fund explains why you should invest in the Persian Gulf, and picks three stocks to buy now.

A professional investor tells us where he'd put his money. This week: Nick Wilson of the Gulf Investment Fund explains why you should invest in the region.

Do you see the Gulf region as a politically volatile area where investors' rights are low in importance? Think again. Countries across the Arabian Gulf have well established stockmarkets and a tradition of listed companies. Some markets even boast dividend yields of around 5% better than the UK's current 4%. Dubai is yielding 5.2%, Abu Dhabi 5.5% and Qatar 4.5%. For those nervous of the all-time highs of world stockmarkets, it is reassuring that Gulf markets have low correlation to both developed and emerging markets.

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