Gulf wealth funds put investing in US well ahead of China
- Date: 08-Mar-2024
- Source: AGBI
- Sector:Financial Services
- Country:UAE
Gulf wealth funds put investing in US well ahead of China
Most sovereign wealth funds in the Gulf remain heavily invested in the US, while China represents a much smaller part of their portfolios, data from the consultancy Global SWF shows. The data also shows that the portfolios of Gulf sovereign wealth funds vary widely in terms of their geographical distribution. This is partly a result […]
Funds’ geographical allocations vary widely
GCC ties with China growing stronger
ADIA invests 52% in US
Most sovereign wealth funds in the Gulf remain heavily invested in the US, while China represents a much smaller part of their portfolios, data from the consultancy Global SWF shows.
The data also shows that the portfolios of Gulf sovereign wealth funds vary widely in terms of their geographical distribution.
This is partly a result of their differing mandates. Abu Dhabi Investment Authority, for example, only invests abroad, while ADQ and Mubadala, two other sovereign funds from the UAE’s richest emirate, own both domestic and foreign assets.
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The imbalance between US and China as destinations for SWF investment by coulntries in the GCC is despite strengthening trade and investment ties between the six-country bloc and China, the world’s biggest economy by purchasing power parity.
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