11th October, 2024
Singapore’s US$847 billion sovereign wealth fund GIC is reportedly planning to sell its shareholding in renewables producer Greenko for around US$5 billion, while also set to make a bid for a slice of Hyundai Motor India’s forthcoming US$3.3 billion IPO.
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16th August, 2024
Saudi Arabia’s Public Investment Fund (PIF) saw little change in its US public equities holdings, which grew 0.5% to US$20.7 billion in Q2.
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11th June, 2024
Reports that Saudi energy firm ACWA Power is planning to raise SAR7.1 billion (US$1.9 billion) through issuing stock to existing shareholders could further boost the Public Investment Fund’s (PIF) AUM as it strides towards a US$1 trillion portfolio – meanwhile, Aramco’s recent secondary offering poses some downside risks for the Saudi state and the economy's long-term diversification.
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21st May, 2024
Saudi Arabia’s Public Investment Fund (PIF) slashed its US public equity holdings by 41.7% to US$20.56 billion in the first quarter of 2024, with its biggest stockholding EV carmaker Lucid slumping by 32.3% in value and non-Lucid holdings falling 43.5% to the lowest level since end-Q2 2021 as PIF dumped massive chunks of its equity portfolio.
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23rd April, 2024
Emirati sovereign wealth funds’ decision to list assets can help drive private investment into their assets, free up capital for diversifying portfolios and improve transparency – but weighty listed assets can play havoc with portfolio values, as some funds have learned in the year-to-date.
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4th March, 2024
South Korea’s massive US$800 billion National Pension Service (NPS) could be reversing its global diversification push with reports that it will plunge KRW11 trillion (US$8.2 billion) into domestic public equities, after reporting its best ever annual return.
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19th February, 2024
PIF’s US public equities portfolio fell 3.4% q-o-q to US$35.2 billion in Q4 2023, dragged down by the value of its holding in EV maker Lucid Motors but also including the divestment of a chunky gaming stock, according to its latest 13F filing.
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9th November, 2023
State-owned investors continued to slash their Chinese equity holdings in 2023 due to heightened geopolitical risks, poor returns and reduced IPOs.
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13th October, 2023
China’s state-owned investors are throwing their massive weight behind troubled domestic stocks in a sign that Beijing is using government wealth to stabilize markets.
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15th August, 2023
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.
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12th July, 2023
Saudi Arabia’s Public Investment Fund (PIF) reported a US$11 billion loss for 2022 as global markets tanked, but its annual accounts filed this week with the London Stock Exchange show it has ramped up its Middle East holdings by a staggering US$94 billion to US$175 billion (up 166%) in just two years as it seeks to become a regional investor heavyweight.
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16th May, 2023
Saudi Arabia’s US$730 billion sovereign wealth fund, the Public Investment Fund (PIF), threw its weight behind green energy, gaming and the internet in the first quarter, while slashing exposure to payments processor Visa and Chinese e-commerce company Pinduoduo.
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