Qatar sovereign wealth fund won’t invest for a time being

The Guardian reports that, “Qatar’s sovereign wealth fund, one of the world’s largest investors, has put buying on hold for the next six months and will then focus more on energy and commodities in a major strategic overhaul.

‘For the next six months we will do nothing,’ said Hussein al-Abdullah, executive director of the Qatar Investment Authority, a sovereign wealth fund with assets recently estimated to total $60 billion.

‘Beginning in the second half of the year, we will review our strategy. The sectors we will focus more on are commodities, food, energy and water because it is an important sector and the prices will pick up,’ he told reporters on Thursday on the sidelines of a conference in Dubai. Sitting on up to $4 trillion in assets, much of it from selling oil and other raw materials, most SWFs have been conservative in their investment choices, holding dollars, treasuries and shares in large U.S. and European companies.”

read more: Guardian

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