currently invested in the hotly contested area in the world in North Africa and the Middle East Mark Krombas. Beginning of the week, he presented his strategy in a webinar. The professionals call the region MENA (Middle East and North Africa) and are confident despite the unrest. 200 million consumers, a third of world oil reserves and high growth rates - even in countries without oil resources - make the region attractive. The political unrest on the other hand requires strong nerves of investors.
Krombas, the new Magna MENA Fund manages, provides all the opportunities of the region. However, not across the board. The entire MENA region includes 13 countries: Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates. Only four of the 13 countries he is going "overweight" Saudi Arabia, Qatar, United Arab Emirates and Oman.
The credit ratings of these countries range from A1 (Oman) to Aa2 (United Arab Emirates and Qatar) to Aa3 in Saudi Arabia. The largest holdings in the portfolio of a fund manager's show, which shares the professional for particularly promising holds. Most investors know that after the event in the semi-annual financial reports.
Krombas presented before the current top 10 holdings. These are the suppliers Qatar Electricity and Water (Qatar), Al Rajhi Bank, the banks (Saudi Arabia), SAMBA Financial Group (Saudi Arabia) and UNB (United Arab Emirates), Saudi Basic petrochemical companies Industries and National Industrailization (both Saudi Arabia), the telecom company Etihad Etisalat Mobility (Saudi Arabia) and Nawras (Oman), the Industrial Group Industries Qatar and the real estate company Mabanee (Kuwait).
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