"Abu Dhabi’s principal sovereign wealth fund has lowered its minimum asset allocation to Europe as it focuses more of its firepower on emerging markets.
The Abu Dhabi Investment Authority reduced its minimum asset allocation to Europe to 20 per cent from 25 per cent, the first such cut since it started to publish its annual review four years ago.
It also lowered both its minimum and maximum exposure to developed equities, according to the report published on Monday, which offers a rare but selective insight into the activities of one of the world’s largest sovereign wealth funds."
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