Middle Eastern sovereign wealth funds plan to boost investments in Europe amid Covid-19 pandemic

(United Arab Emirates)

Arabian Business has reported that Middle East-based sovereign wealth funds are planning to increase their exposure to European assets as the prices take a hit during the Covid-19 pandemic.

The article further noted that over the next 12 months, c. 43% of sovereign funds in the Middle East will buy equities with lower valuations in European and emerging-market assets.

Read the original article on The National: Middle East wealth funds plan more European bargain hunting, says Invesco