Investors look further afield for diversification

03 May 2012

A slew of non-European banks took advantage of European holidays at the beginning of the week to sell commercial paper. Abu Dhabi Commercial Bank and National Bank of Abu Dhabi both sold $100m clips of 92 day paper on Monday.

While investors have been slow to take to new names, interest in Middle Eastern banks remains as investors look to diversify and buy higher yielding issuers.

"It’s the continuation of a trend where fund managers are realising that with yields at absolute lows, they need to diversify and look ...

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