Middle Eastern Wealth Funds Go Bigger Than Ever Into U.S.: Chart
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Middle Eastern sovereign wealth funds poured the most money yet into the U.S. last year, according to the Sovereign Wealth Fund Institute. Saudi Arabia’s Public Investment Fund led the ranks in the past decade, while direct investments from Abu Dhabi and Qatar fluctuated. Despite a plunge in oil prices, large sovereign wealth funds from Gulf Cooperation Council states see the U.S. as a favored destination, while they “cherry-pick among the European nations,” SWFI said.