Asset: Global Sovereign Wealth Fund Assets Hit Record High, Increased Investment in Technology Sector
BlockBeats News, January 1st, a new report from Global SWF shows that this year, the global sovereign wealth funds' assets under management (AUM) have reached a record high of $15 trillion. This growth is mainly attributed to the major funds' gains in a bull market and their continued focus on the technology sector. Sovereign investors' total investment in AI and digitalization is expected to reach $66 billion by 2025.
In this wave, wealth funds in the Middle East have been particularly active, emerging as leaders in digital transformation: Mubadala Investment Co. in Abu Dhabi is set to invest $12.9 billion in AI and digitalization by 2025, followed by Kuwait Investment Authority and Qatar Investment Authority with $6 billion and $4 billion investments respectively. (Jinse)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Qatar Energy chief refutes Besent: The Strait of Hormuz will never be "worthless"
Qatar's Minister of Energy, Saad Al Kaabi, stated that US Treasury Secretary Scott Besent's claim that the Strait of Hormuz will become "worthless" within two years is "incorrect."
Stacks crypto jumps 13% – Could STX bulls extend the price rally?
Tom Lee predicts the S&P 500 could surpass 8,200 points by the end of the year
Michael Saylor, BlackRock, Metaplanet, and Strive purchase Bitcoin
Crypto prices
More
