Kuwait pension fund plans to triple infrastructure investments
- Date: 12-Aug-2020
- Source: Gulf Business
- Sector:Financial Markets
- Country:Kuwait
Kuwait pension fund plans to triple infrastructure investments
Kuwait's $112bn pension fund is looking to more than triple investments in infrastructure as part of its asset-allocation strategy over the next couple of years.
“In infrastructure, we're looking to build up aggressively,” Meshal Al-Othman, director general of the Public Institution for Social Security (PIFSS), said in an interview with Bloomberg TV on Tuesday. “We're at 3 per cent today. We're taking that up to roughly 10 per cent.”
It will also “slightly increase” investments in hedge funds and real estate, he said.
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