ADIA allocates more assets to Europe, South Africa equities
Abu Dhabi Investment Authority (ADIA) has said internal money managers have allocated more assets to European and South African equities in 2013, Bloomberg has reported. The fund generated annualised returns of 7.2% over the two decades through 2013, down from 7.6% a year earlier, ADIA said. The return over 30 years was 8.3%. The authority, which allocates 75% of its funds to external managers, doesn’t disclose the value of its assets.