Investment company Royal Group, controlled by a senior member of the royal family of Abu Dhabi, plans to invest in US and European stocks and other assets.
The Royal Group, led by United Arab Emirates national security adviser Sheikh Tahnoun bin Zayed Al Nahyan, sees this as an opportunity to shed some of its existing equity investments, reduce its exposure to riskier assets and expand its global portfolio.
While the final strategy is still being developed, the group is considering investing in equities, fixed income and tangible assets such as real estate.
Royal Group officials did not respond to requests for comment.
The pivot to the US and Europe will mark a change in strategy for Sheikh Tahnoun's firm, which until recently prioritized investment in emerging markets, especially India. In contrast, Mubadala Investment Co. Abu Dhabi's $250 billion wealth fund, led by the emirate's ruler Sheikh Mohammed bin Zayed, has just over 50% of its portfolio invested in the US and Europe.