| The Kuwait Investment Office (KIO), the London branch of Kuwait’s sovereign wealth fund, is gradually cutting its exposure to the United States in favour of Europe, its chief executive said. The KIO a unit of the Kuwait Investment Authority (KIA), is boosting its investments in Europe because of the bond-buying programme in euro zone countries known as quantitative easing (QE), which is expected to flood the 19-member currency union with liquidity and inflate asset prices.
The KIA manages US$548 billion in assets and is the world’s sixth largest sovereign wealth fund, according to the Sovereign Wealth Fund Institute. “This year we are starting to implement an overweight for the European markets and gradually decreasing our overweight to the US markets,” said Osama Al Ayoub...............................................Full Article: Source
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