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After sovereign wealth funds made strong gains investing in stocks during the first spread of the Corona virus, it appears they have adjusted their strategy and headed for more investments directly in companies, according to their data during the first semester of this year.
Sovereign wealth funds came back massively with the gains they made from buying stocks when prices collapsed, and they expressed a desire to buy real assets.
The first half of this year saw a significant increase in direct investment agreements for sovereign wealth funds, compared to last year, which saw investments amounting to $ 57 billion, but it was supported by an important agreement of the investment of the Russian National Social Protection Fund. (one of Russia’s sovereign wealth funds), in a Sberbank bank in Russia, and excluding this deal, the volume of direct investment by sovereign wealth funds amounted to around $ 28 billion in the first half of last year.
Direct investments for sovereign wealth funds
Direct investment by sovereign wealth funds amounted to around $ 47.2 billion in the first half of this year, according to data viewed by Al Arabiya.net.
Among the most significant transactions were the purchase by the Singaporean sovereign wealth fund of a stake in Equinix GICX ScaleData and the investment by Mubadala Investment Company in a stake in Aramco for oil supply.
Last June, Aramco announced the completion of the acquisition of a 49% stake in Aramco Crude Oil Supply Company (a subsidiary) by an international consortium of Mubadala Investment Company and Abu Dhabi government EIG, for 12, $ 4 billion. investors from North America, Asia and the Middle East.
Among the largest direct investment deals in the first half of the year, the Abu Dhabi Investment Authority (ADIA) and GIC have invested around $ 1 billion in Medellin Industries.
real estate sector
And some sovereign wealth funds like Mubadala have invested directly in the real estate sector in the United States, and have allied with Crowe Holdings to buy industrial real estate in the United States.
Mubadala Company has partnered with Crowe Holdings, a private real estate investment and development firm, to establish joint projects including industrial facilities, with a joint investment estimated at $ 1 billion.
The Norwegian sovereign wealth fund bought real estate directly outside the financial markets during the first half of this year.
The fund, which is the world’s largest sovereign wealth fund, paid $ 391.9 million to buy 47.5% in a joint venture with MetLife Investment Management, to own an office building in Cambridge, Massachusetts.
The world’s largest $ 1.4 trillion fund generated a return on investment of Norwegian kroner 990 billion ($ 111 billion) between January and June, 0.28 percentage points higher than the benchmark of the fund.
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