| The three biggest sovereign wealth funds of oil-producing countries have been selling European equity holdings since May, a study showed on Monday, another sign of petrodollars being withdrawn from world markets. Asian funds have meanwhile continued to add European equities, according to the data from Nasdaq Advisory Services, which provides analysis on shareholder and investor activity.
Since May, the Saudi Arabian Monetary Authority has sold $1.2 billion worth of equities across Nasdaq's European client base. That accounts for 13 percent of its $9.2 billion holdings in the European companies tracked by Nasdaq...............................................Full Article: Source
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