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FINANCIAL NEWS
Kuwait Investment to cut US investment
03 Mar 2015
(MENAFN) The Kuwait Investment Office (KIO), the London branch office of sovereign wealth fund Kuwait Investment Authority, is gradually reducing its overweight stance on US assets after keeping that position for seven years, its chief executive said, Gulf Daily News reported.
He also said the KIO was going overweight on Europe because of the European Central Bank’s (ECB) decision in January to use quantitative easing, a radical for of monetary stimulus.
“With all this liquidity ECB president is trying to introduce, assets will inflate,” he said.
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