REUTERS - Foreign investors see robust 2012 for Iraq's bourse

But foreign investors, who were net buyers and snapped up $150 million worth of shares on the local bourse this year, say the latest political turmoil and security concerns have done little to affect their appetite for the frontier bourse.

"We are still committed to the Iraqi market ... our views won't change just because of what is happening now," said Sherif Salem, a portfolio manager with Invest AD, an Abu Dhabi investment company that has invested $18 million in the ISX since November 2010.

"We are probably counting on investing more money towards the beginning of next year when the market opens, so it (the current situation) does not change our outlook," he said.

http://in.reuters.com/article/2011/12/28/iraq-economy-isx-idINL6E7NS1JE20111228