Many big fund managers are shunning Aramco's $1.7 trillion IPO, citing political turmoil and environmental worries | Markets Insider

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Many big fund managers are shunning Aramco's $1.7 trillion IPO, citing political turmoil and environmental worries

Some of the world's top fund managers are staying clear of Aramco's eye-watering IPO.

Reuters collected information from 26 asset managers, all outside the Gulf region, who collectively manage $7 trillion. , investors who usually invest in emerging markets are avoiding the state-owned oil giant because of worries about the political situation in the area as well as how the company will impact the environment.

 

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