Recently set up sovereign wealth funds in Kazakhstan, Morocco and Turkey, among others, want to attract more capital from Asia and elsewhere to invest in their domestic economies.
Sources say the Malaysian sovereign fund wants to boost its exposure to Turkey and to US tech companies, reflecting a growing trend for Asian state investors to put offices overseas.
The UK asset manager launched a Europe, Middle East and Africa fund in November last year, but is still steering clear of Gulf economies, says investment director Fedra Dell’Aquila.
Kazakhstan, Russia and Turkey are very interesting markets, but the Balkans and Baltics won't offer opportunities any time soon, says Stefan Herz of Charlemagne Capital.