27.01.2014 - SWF has midas touch
Kuwait , one of the world's richest countries per capita, is investing a large share of its oil revenues abroad to provide for future generations. The assets managed by sovereign wealth fund, the Kuwait Investment Authority (KIA), have increased from an estimated $260 billion in 2008 to more than $400 billion today, making it one of the world's largest sovereign wealth funds. Nearly half of the total is invested In stocks, with the rest mainly in real estate and infrastructure assets in Europe , the United States and, increasingly, Asia . Closer to home, Kuwaiti investors are actively involved with the rebuilding of Iraq . The two countries have resumed direct flights and are collaborating on energy projects...............................................Full Article: Source
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