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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


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