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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Kuwait SWF raises stake in Kuwaiti equities

Posted on 09 October 2008

From Bloomberg: Kuwait Investment Authority, the country’s $250 billion sovereign wealth fund, said it raised its stake in seven mutual funds investing in the Kuwait Stock Exchange and is “ready” to pump more money into the market.

The KIA met Oct. 7 with managers of the investment funds, the sovereign wealth fund said in an e-mailed statement received late yesterday, without revealing how much it invested. The state-owned wealth fund informed the fund managers of its “readiness and determination to enter into new investment funds and consider any other investment opportunities, based on its deep-rooted trust” in the market….. Full Article: Source


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