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Wednesday, 20 July 2016

Sovereign wealth fund Abu Dhabi Investment Authority (Adia) renews faith in China and India’s growth prospects amid market tumult | The National

Sovereign wealth fund Abu Dhabi Investment Authority (Adia) renews faith in China and India’s growth prospects amid market tumult | The National:

"The Abu Dhabi Investment Authority (Adia) said it remains focused on China’s and India’s long-term growth prospects, even after emerging markets generally have been hit by a slowing global economy.

The emirate’s main sovereign wealth fund said in its annual review, released today, that long-term returns declined last year amid tumultuous markets, though it explained the lower rates as mainly due to statistical averaging over the long periods it uses to measure returns.

Adia said its annualised returns over 20 and 30 years were 6.5 per cent and 7.5 per cent, respectively, as at the end of last year. That compared with 7.4 per cent and 8.4 per cent the previous year, and 7.2 per cent and 8.3 per cent as of the end of 2013."



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