An independent study of GCC high net worth individuals (HNWI’s) commissioned by Abu Dhabi based ADS Securities (ADSS), the largest independent Forex (FX) and commodities trading platform in the Middle East, has projected commodities and FX to be the most sought-after regional asset class in 2012. 30% of those surveyed asserted that commodities will be the most common investment with FX a close second at 28%.
After a troubling 2011 during which regional HNWI investors in the UAE, Qatar and the Kingdom of Saudi Arabia have been engaged with the low risk and low yield government and corporate bond market, their attention and appetite is turning to the high yield opportunities presented by the regional FX and commodities space.
ADSS Managing Director, Philippe Ghanem commented on the results today saying, ‘At ADSS in recent months we have been conscious of a shift in investor sentiment towards FX and commodities given the consistent growth in trading volumes. When we consider the challenges facing real estate, equities, fixed income and mutual funds we shouldn’t be surprised smart investors are opting for asset classes that produce the returns they are looking for even in volatile market conditions.’
ADSS launched in 2011 and in just over 8 months of operation has seen multi-billion dollar daily trading volumes that continue to grow month on month. Strategically located between the world leading FX and commodity trading centres in Far Eastern and Western markets, ADSS is successfully offering investors a bridge between the two.
Philippe Ghanem further added, ‘I believe our swift growth stems from a simple idea. We are providing investors something they badly need in the current economic environment; a highly liquid asset class trading in a stable region and transacted on a world class platform backed by US$400 million in paid up capital. For these reasons we are confident ADSS sits at the heart of an emerging new global centre for FX and commodities here in Abu Dhabi.’