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Gulf institutional investors are putting their money into Asian equities, in particular Japanese stocks, but are shunning European shares after years of underperformance, the Mideast head of Pictet Asset Management said Sunday.Many of these Middle Eastern entities, including some of the world's largest sovereign wealth funds, have traditionally been regarded as significant investors into European developed markets.Europe's economy, especially in the eurozone, has struggled in recent years due to repeated fears over sovereign debt levels and weak growth indicators.
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