Kuwait sovereign fund in portfolio shift on signs of global economic weakness: report - Reuters:
The Kuwait Investment Authority (KIA) began increasing its exposure to bonds and cash two years ago to boost liquidity in its portfolio as the global economy showed signs of weakness, Kuwaiti newspaper Alqabas reported on Sunday, citing sources.
The report provided rare insight on the strategy of one of the world’s biggest sovereign wealth funds, though it did not give a breakdown of KIA’s investments in various asset classes.
KIA, which the Sovereign Wealth Fund Institute estimates manage $592 billion of assets, does not publicly disclose its investments or detailed strategy.
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