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Invesco: Gulf SWFs To Eye Local Investments

The Gulf region’s sovereign wealth funds will shift to more locally-focused investments and balanced-equity investment as per a study released by Invesco Asset Management.

The Gulf region’s sovereign wealth funds (SWFs) will shift to more locally-focused investments and balanced-equity investment as per a study released by Invesco Asset Management, Khaleej Times reports. The Gulf SWFs may bring in a total of nearly $134 billion this year after suffering losses of some $90 billion in 2008.

As per the International Institute of Finance (IIF), the Abu Dhabi Investment Authority (ADIA), the Kuwait Investment Authority, the Qatar Investment Authority and the OmanReserve Fund will collectively constitute $768 billion in wealth by the end of 2011. ADIA may gain the most with a total growth of almost $81 billion.

Click here for the story from Khaleej Times.

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