Abu Dhabi sovereign fund to boost active investments in fixed-income - Reuters:
Abu Dhabi Investment Authority (ADIA), the world’s third-biggest sovereign wealth fund, plans to increase active investments in fixed-income in the coming years, reducing its reliance on passive investments.
The move comes as ADIA, which manages the reserves of oil-rich Abu Dhabi, has been reducing its reliance on external fund managers and boosting in-house investment capabilities.
Some 55% of ADIA’s portfolio is managed by external managers, down from 60% in 2016, with the rest managed internally.
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