Mubadala Investment Co. plans to focus on investments in Asia this year as China recovers from the pandemic faster-than-expected and India’s economy continues to grow.
The $284 billion Abu Dhabi wealth fund expects a “strong recovery” in China this year and also sees “very exciting opportunities” in Indonesia, South East Asia, Japan and Korea, Chief Executive Officer Khaldoon Khalifa Al Mubarak said in a Bloomberg Television interview at Davos on Wednesday.
“Our portfolio is relatively underinvested in Asia as a whole and particularly in economies like India and like Korea,” he said. “You will see us certainly look more into these areas as we see more opportunities in the sectors we like.”
Mubadala has a strong team of investment professionals based in China and understands the Chinese market well, he said.
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