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FINANCIAL NEWS
GCC pension funds increase assets
22 May 2013
(MENAFN) Gulf states’ pension funds are boosting their investments through acquiring new assets, reported Arabian Business.
According to Investment manager Invesco’s Middle East Asset Management Study, it’s expected that regional state pension funds will grow by 19 percent during this year.
In 2012, regional state pension funds went up 16 percent, and in 2011, they increased by 9 percent.
15 percent of all new sovereign assets goes to state pension resources, and the estimated assets increase is 4 percent, according to Invesco.
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