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EFG-Hermes Telecom Fund gains 2.1% [Gulf News (United Arab Emirates)](Gulf News (United Arab Emirates) Via Acquire Media NewsEdge) Abu Dhabi: The EFG-Hermes Telecom Fund gained 2.1 per cent during the month to bring its year-to-date performance to 6.7 per cent. This compares to a 5.3 per cent decline for the MSCI EMEA Telecom Services Index. The report by EFG-Hermes said that regional markets rebounded strongly despite increased geopolitical risk in the Middle East, and a more subdued tone across global markets. This was due to Saudi Arabia opening up to foreigners, and the UAE staging an impressive comeback. (c) 2014 Al Nisr Publishing LLC . All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info). [ Back To TMCnet.com's Homepage ] |