| The emerging markets – most notably China – will form a cornerstone of one of the world’s second largest sovereign wealth fund’s investment plans for the coming year, the Abu Dhabi Investment Authority ADIA has announced. In its 2012 annual review, ADIA said it is attempting to reflect a changing ‘economic leadership’ in the world economy, which has seen it reduce its exposure to developed markets.
One of the largest recipients of its allocation shift towards emerging markets is China. ADIA said it will increase its allocation in Chinese equities from $200 million to $500 million having received approval from the Chinese market regulator in 2012...............................................Full Article: Source
|