#Qatar Investment Authority aims to reach $45 billion in U.S. investments: CEO | Reuters

Qatar Investment Authority aims to reach $45 billion in U.S. investments: CEO | Reuters:

Qatar Investment Authority aims to raise investments in the United States to $45 billion in the next two years as it rebalances its portfolio of assets away from Europe, its chief executive said on Sunday.

The sovereign wealth fund has built up a huge European portfolio through stakes in companies including Deutsche Bank (DBKGn.DE), Credit Suisse (CSGN.S), London Stock Exchange (LSE.L) and Volkswagen (VOWG_p.DE).

QIA currently has about $30 billion invested in the U.S., Mansour Ibrahim al-Mahmoud told reporters on the sidelines of a conference.