Dubai's Istithmar eyes subprime hit U.S. firms
U.S. real estate and financial companies hit by the mortgage market woes are an attractive investment opportunity, David Jackson, the chief executive of the Dubai-government-owned investment agency, Istithmar, said on Tuesday.
By Agencies |
DUBAI: U.S. real estate and financial companies hit by the mortgage market woes are an attractive investment opportunity, David Jackson, the chief executive of the Dubai-government-owned investment agency, Istithmar, said on Tuesday.
"We think some of the real estate companies being adversely affected are being penalised by the mortgage market," Jackson said at the Super Return private equity conference here in Dubai.
He also said that some U.S. financial companies with an exposure to the mortgage market were being hit unfairly with an overreaction by equity markets.
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