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Sunday, 23 April 2017

Trophy assets lose lustre as Qatar embraces prudence and ETFs

Trophy assets lose lustre as Qatar embraces prudence and ETFs:

"Qatar, owner of London landmarks the Shard and Harrods, is moving cash into exchange traded funds and index funds as part of a more “prudent” investment strategy, two people familiar with the investment strategy said. The shift away from so-called trophy assets at the Qatar Investment Authority (QIA), the world’s ninth-largest sovereign wealth fund know as an aggressive deal hunter, makes it the latest high-profile convert to a low-cost, passive style of investment. It follows a change of leadership in December 2014, when Sheikh Abdullah bin Mohamed bin Saud al-Thani was appointed chief executive of the country’s historically secretive sovereign wealth fund."



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