| The Abu Dhabi Investment Authority (Adia) remains focused on China’s and India’s long-term growth prospects, even after emerging markets were hit last year by a slowing global economy. The emirate’s main sovereign wealth fund said in its annual review, released on Wednesday, that long-term returns declined last year amid volatility in markets, although it said the lower rates were mainly caused by statistical averaging over the long periods it uses to measure returns.
The fund’s managing director, Sheikh Hamed bin Zayed, pointed to the continued long-term growth prospects of China and India, despite economic headwinds and the need for huge structural reforms undertaken by the former in the past couple of years...............................................Full Article: Source
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