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Kuwait Investment Authority expects record returns

According to Bloomberg, the Kuwait Investment Authority is poised to announce one of its most successful financial years to date, buoyed by robust performance in global markets resulting in double-digit returns for its sovereign fund.

Sources indicate that the Authority, with over half of its investments concentrated in the United States, anticipates significant returns, driven by the uptrend in American stock prices reflected in the S&P 500 and Nasdaq 100 indices, reports Al-Qabas daily.

The projected increase in revenues for the “Al-Ajyal Fund” marks a recovery compared to previous years, particularly in light of stable returns during that period. Besides the United States, the Authority maintains substantial investments in the European Union, Britain, Asia, and emerging markets.

It is anticipated that the expected double-digit returns will propel the managed assets of the Al-Ajyal Fund to nearly a trillion dollars, narrowing the gap with the Abu Dhabi Investment Authority, the largest sovereign fund in the Gulf region. The Norwegian sovereign fund leads globally with assets exceeding $1.6 trillion, followed by the China Investment Corporation.

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