I know he talks about confidence, but for me (as i don't know much about all this global shit) the important thing (for war and outflows) is oil price (which is low for numerous factors).
Quote
Among the favorite asset managers of Middle Eastern countries are BlackRock and Franklin Templeton (BEN). Both firms declined to break out fund flows from Saudi Arabia to CNNMoney.
However, BlackRock admitted it had suffered $24 billion of net outflows from the region that includes Europe, the Middle East and Africa during the second quarter. That's compared to inflows of $18 billion during the first quarter.
A lot of that money was being yanked due to "cash need driven by rainy-day issues," BlackRock CEO Larry Fink told analysts in July. He didn't name any countries in the region, but added, "It's raining in some of the commodity-based economies."