Sat, Apr 29, 2017
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Invest AD asset mgt arm buying Egypt stocks

Posted on 28 March 2011

Abu Dhabi-owned Invest AD’s asset management arm has been buying Egyptian stocks this week as the stock exchange reopened after seven weeks and stock prices reached attractive levels, the firm’s CIO said. Invest AD also invests for its owner, sovereign wealth fund Abu Dhabi Investment Council.

“We reduced our position in Egypt to 14 percent from 25 percent when the Tunisian revolution broke out and before the Egyptian market closed,” David Sanders told Reuters on the sidelines of a Thomson Reuters Africa investment conference…………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
April 2017
M T W T F S S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930