The price of gold has hit a record high on concerns about unrest in the Middle East and contagion risk from Libya, while oil has topped the $116 a barrel mark.
Emerging markets firm Charlemagne Capital has launched the Magna MENA fund, which will invest up to 90% in Gulf Co-operation Council regions to play higher oil prices.
Brent crude oil has soared to $104 dollars a barrel amid fresh concerns over the Suez Canal in the Middle East.
Developing nations are seeing money market rates soar at the fastest pace since 2008, as central banks in EMs boost borrowing costs in reaction to concerns over political unrest in Egypt.
In line with the global equities markets, 2010 was very forgiving for the Middle East and North Africa (MENA) region, with most managers believing the worst is over and now is the time to invest in the region.
Maria Merricks talks to Ghadir Abu Leil-Cooper, manager of the Baring MENA fund, about her outlook for the region.
BP is looking for sovereign wealth funds or rival groups to take a 5-10% stake in the oil giant as the fallout from the Gulf of Mexico disaster continues.