Abu Dhabi state investor Mubadala plans to grow Asia portfolio - Reuters:
Abu Dhabi state investor Mubadala Investment Co is under-invested in Asia and plans to expand its portfolio in the region, Group CEO Khaldoon Khalifa al-Mubarak said on Monday.
Mubadala, the second-biggest state investor in Abu Dhabi behind Abu Dhabi Investment Authority (ADIA), has 9% of its portfolio invested in Asia.
“From a relative perspective we are under-invested in Asia. You’ll see us grow our portfolio in Asia,” Mubarak said at a Bloomberg event.
His comments came weeks after the sovereign fund agreed to invest $1.2 billion in digital business Jio Platforms, a unit of India’s Reliance Industries, in exchange for a 1.85% stake.
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