Saudi Arabia’s Public Investment Fund (PIF) reported 9.6% growth in its US equity holdings to US$38.9 billion in Q2, with electric vehicle manufacturer Lucid contributing just 16% of the increase despite representing 24% of the portfolio.Lucid continued to drag down the fund’s US public holdings with q-o-q growth of 6.2%...
Saudi Arabia’s Public Investment Fund (PIF) reported 9.6% growth in its US equity holdings to US$38.9 billion in Q2, with electric vehicle manufacturer Lucid contributing just 16% of the increase despite representing 24% of the portfolio.Lucid continued to drag down the fund’s US public holdings with q-o-q growth of 6.2%...