November 11, 2020
According to an article published by Bloomberg, Kuwait’s Public Institution for Social Security (PIFSS) is reducing its allocations to stocks and bonds in favor of alternative investments in infrastructure and private equity strategies. The article further notes that infrastructure exposure will increase from 5% to 10% while allocations to private equity strategies will reach 13% of PIFSS’ overall portfolio. The strategic move comes as PIFSS targets to boost its investment income in today’s low interest rate environment and mitigate the high volatility of the stock markets.
Read the original Newsletter on Bloomberg: Kuwait’s Pension Fund Cuts Stocks in Shift to Infrastructure