In the past 12 months Gulf sovereign wealth funds invested almost $10 billion in China, the largest such volume in history, Diago Lopez, Singapore-based managing director of Global SWF tells AGBI.
This reflected a growing bias among Gulf funds towards emerging markets and domestic economies.
“Every time [investment managers] are coming across a good opportunity to invest in emerging economies they are now taking it because they know that they need to diversify away from developed markets,” Lopez says.
Mubadala invested $29.2 billion across 52 deals, a 67 percent increase on the previous year.
An overriding theme of the last year was digital investment, Lopez says.
Watch the video to find out why sovereign wealth funds are shifting their focus away from developed overseas economies.
