Abu Dhabi Investment Authority (ADIA), the UAE’s biggest sovereign wealth fund achieved stronger rates of return despite the COVID-19 crisis impacting the global economy according to its 2020 annual review.
While the COVID crisis impacted all aspects of life across the world, ADIA said it remained focused on its mission.
ADIA’s investments in private equity and Infrastructure have grown over a number of years and this has led to increases in the allocation bands for both asset classes:
- Private equity has increased from 2 per cent - 8 per cent band to 5 per cent – 10 per cent band
- Infrastructure has increased from 1 per cent – 5 per cent range to 2 per cent –7 per cent
- On a geographical basis, the band for Developed Asia has reduced from 10 per cent –20 per cent to 5 per cent – 15 per cent
“This trade-off is at the centre of ADIA’s investment strategy, and we were able to efficiently navigate market turmoil to position ourselves for the rebound,” Sheikh Hamed said.
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