Asset managers in the Gulf Cooperation Council (GCC) countries expect a solid performance over the next 12 months, according to Moody’s 2021 survey of chief investment officers (CIOs) from eight leading GCC fund firms. Growing demand for Islamic products and for investments that take environmental social and governance (ESG) considerations into account will likely support fund inflows. With competitive pressure mounting, many GCC fund firms are open to mergers and acquisitions (M&A).