Abu Dhabi-based asset manager, Invest AD, has launched a new Middle East and Africa fixed-income fund in November to tap growing interest in the region’s debt markets. According to portfolio manager Dilawer Farazi, the region’s bond markets are still undervalued and investors have been particularly encouraged by the successful refinancing of Dubai’s bonds, which are maturing this year and include the refinancing of Dubai Holdings, Dubai International Finance Centre, and the Jebel Ali Free Zone Authority.

The Middle Eastern and African market is estimated to have tripled in size to $180bn since 2008, according to Invest AD. “We are seeing increased liquidity in Middle East and Africa’s markets as a result of a larger opportunity set,” said Mr Farazi.

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