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Gulf SWFs Set for Oil Windfall as Ukraine Crisis Boosts Crude Prices

5th March, 2022

With crude prices soaring past US$100/b amid geopolitical risks generated by Russia’s invasion of Ukraine, sovereign wealth funds in the Gulf region are set to be flush with liquidity and free from fiscal pressures.

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Saudi Arabia’s PIF Spreads its Wings: Aramco Equity Could Support Investment by New Offices

25th February, 2022

As it launches new offices in Hong Kong, London and New York, Saudi Arabia’s Public Investment Fund (PIF) is looking at paring back its US$90 billion stake in oil major Saudi Aramco, which was gifted to it by the government earlier this month, and potentially diversifying its private equity and real assets strategies.

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State Investors Diverge on US Public Equity Allocations

15th February, 2022

Stock exchange filings by state-owned investors, published this week, saw a divergence in strategy and positions in Q4 2021, with leaps in some portfolios slightly offset by downward adjustments in others.

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PIF Receives US$80bn Boost with Aramco Stake, But Faces Huge Task to Reach 2030 Target

14th February, 2022

Saudi Arabia’s Public Investment Fund (PIF) has received a US$80 billion shot in the arm with the Kingdom’s government transferring a 4% in national oil company Aramco to the ownership of the sovereign wealth fund – less than two years after the completion of PIF’s sale of a 70% stake in Saudi chemicals major SABIC to Aramco for US$69 billion.

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Gaming Pushes all the Right Buttons for Saudi Fund’s Long-Term Strategy

8th February, 2022

Saudi Arabia’s Public Investment Fund (PIF) has added Capcom and Nexon to its portfolio of chunky stakes in gaming stocks, making the sector one of its biggest targets in its public equity strategy and adding to its rapidly growing exposure to the gaming and eSports market.

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PIF Limbers Up For a Second Goal in European Football with Potential Inter Bid

30th December, 2021

As the world gears up for the 2022 World Cup in Qatar, unconfirmed reports suggest Saudi Arabia’s Public Investment Fund (PIF) is set to bid for Italian Serie A side Inter-Milan.

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PIF AuM reaches US$ 480 billion, climbs to #8 globally

13th December, 2021

This morning, H.E. Yasir Al-Rumayyan spoke at the Saudi Budget 2022 Forum chaired by the Minister of Finance in Riyadh. PIF’s Governor confirmed that the fund’s asset under management had reached SAR 1.8 trillion, i.e., US$ 480 billion, by the end of September 2021. This compares to US$ 425 billion at the end of Q1, and it is one of the fastest growths we have seeing this year among SWFs. PIF has now past China’s NSSF and climbs to 8th position among the world’s largest SWFs.

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Middle East SWFs Ramp Up Chinese Equities, Canadian PPFs Cut Back

23rd November, 2021

Latest data on Chinese A-shareholdings show that the world’s biggest sovereign wealth funds and public pension funds are moving in radically different directions as their emerging market equities strategies diverge.

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BlackRock Rivals SWF Sector with US$10 trillion AUM

20th November, 2021

BlackRock is set to rival the size of the entire sovereign wealth industry with assets under management topping US$10 trillion, supported by a bull market run.

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Lucid Gives Clear Lift to PIF’s US Equity Holdings

15th November, 2021

Lucid’s IPO has helped triple the value of US stocks held by Saudi Arabia’s sovereign wealth fund, according to its latest 13F filing with the SEC.

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SWFs Cement Intra-GCC Economic Ties, But Qatar Is Left On A Limb

12th November, 2021

An agreement signed this week between Bahrain’s Mumtalakat and Abu Dhabi’s Mubadala to create a joint investment fund for both countries marks the latest development in intra-GCC economic ties.

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PIF Prepares for Surge into Chinese Stocks with QFII Application, but Risks are High

3rd November, 2021

Saudi Arabia’s US$430 billion Public Investment Fund (PIF) is hoping to ramp up its exposure to Chinese public equity with reports in the Chinese press today that it has applied to become a Qualified Foreign Institutional Investors (QFII) – a status that enables direct access to trade “A-shares” of Chinese stocks, denominated in China’s renminbi/yuan (RMB), on Chinese stock exchanges.

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