Abu Dhabi Investment Authority, the world's second biggest sovereign wealth fund, has appointed a new head of Asia ex-Japan equities.
Tag : adia
Investors are still buying high-yield and EM sovereign and corporate debt, at the expense of developed-market investment-grade bonds, notes the Swiss fund house.
While emerging markets remain volatile, remaining an active participant with broad exposure is key, the Abu Dhabi Investment Authority says in its annualised report.
Last month $2.56 billion in QFII quota was handed out, with almost half going to sovereign funds from Abu Dhabi and Kuwait. More RQFII quota was also awarded.