Investopia conference<\/a>\u00a0on Wednesday, Mubadala chief Khaldoon Al Mubarak pointed to the more active stance that the country\u2019s sovereign wealth funds are taking in the global investment landscape.<\/p>\n\u201cSovereign funds now have the responsibility and opportunity to go from asset allocators\u00a0to enablers of global progress,\u201d the Managing Director and Group CEO of Abu Dhabi\u2019s second-largest sovereign wealth fund said. Al Mubarak noted that the emirate\u2019s sovereign funds \u2014 Mubadala, Abu Dhabi Investment Authority and ADQ \u2014 are among the world\u2019s top 10 most active sovereign investors in 2023, which he said, \u201cspeaks to the momentum that is building over here.\u201d<\/p>\n
Mubadala plans to invest more in the U.S.\u00a0and has increased its long-term allocations for Asia \u201cin line with megatrends and demographics, including \u201cJapan, China, Korea and, of course, India,\u201d Al Mubarak said.<\/p>\n
On the domestic front, UAE Minister of Economy Abdulla bin Touq\u00a0<\/strong>said in his opening remarks that the ministry is working to better integrate the seven disparate emirates that make up the country. \u201cIn the UAE, each emirate has its own strength. We\u2019re now working to enable those emirates to integrate and complement each other to build economic clusters that supercharge the whole economy.\u201d<\/p>\nThousands of investors have flocked to the third edition of Investopia, a marquee event for the government\u2019s \u201cProjects of the 50\u201d initiative, first announced in 2021. The UAE aims to build the world\u2019s most innovative economy in collaboration with the global investment community. Funds that manage a total of more than $500 billion in assets are attending, according to organizers.<\/p>\n
Slated to speak during the two-day conference are\u00a0Adam Goldstein, Founder and CEO of aviation startup Archer; Eric Cantor, General Manager and Vice Chairman of Moelis; Antonio Gonz\u00e1lez, Founder and CEO of Sunset Hospitality Group; Nathan Sheets, Global Chief Economist at Citi; Giorgio Furlani, CEO of AC Milan; Ulrike Hoffmann-Burchardi, Head of CIO Equities at UBS and Gabrielle Rubenstein, Co-Founder and Managing Partner of Manna Tree.<\/p>\n
Read this article on the website of The Circuit<\/p>\n
https:\/\/circuit.news\/2024\/02\/28\/mubadalas-al-mubarak-says-sovereign-funds-taking-the-lead\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Investopia conference draws thousands to Abu Dhabi’s Saadiyat Island, including fund managers who handle more than $500 billion in assets. ABU DHABI, United Arab Emirates \u2013 Kicking off the UAE\u2019s<\/p>\n","protected":false},"author":3,"featured_media":16571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[155],"class_list":["post-17244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-room","tag-155"],"_links":{"self":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts\/17244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/comments?post=17244"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts\/17244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/media\/16571"}],"wp:attachment":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/media?parent=17244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/categories?post=17244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/tags?post=17244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}