07.01.2013 - Sovereign funds plan to boost India exposure
The Abu Dhabi Investment Authority (ADIA), the world's largest sovereign fund with assets under management of $627 billion, has set up a new “Active India” portfolio in its Internal Equities department to scale up investments in the country. This is part of a broader trend among sovereign wealth funds and multilateral investors looking to up their India exposure, amid worsening signs of Euro zone debt worries and a wobbly US recovery. ADIA's India portfolio is one of two new portfolios floated by the fund, the other being for Latin America. With this, the sovereign fund hopes to commence the build-out of teams under experienced fund managers to tap investment avenues, an executive privy to the exercise said...............................................Full Article: Source
Print