Abu Dhabi wealth fund says long-term gains slow for second year
Its 20-year annual rate of return fell to 6.1% at end 2016, from 6.5% in 2015
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Abu Dhabi
THE Abu Dhabi Investment Authority, one of the world's biggest sovereign wealth funds, said its long-term gains dropped for a second consecutive year in 2016.
The fund's 20-year annual rate of return fell to 6.1 per cent at the end of 2016, from 6.5 per cent a year earlier, and 7.4 per cent in 2014, it said in an annual review. Over three decades, annual returns slowed to 6.9 per cent from 7.5 per cent.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
