Nigeria Sovereign Fund improves its investments in Asian and European assets

At the beginning of this year, the Nigerian Sovereign Fund reduced its expansion on the US market, focusing on investing in other markets for the purpose of diversifying its portfolio. The CEO of the Nigerian Sovereign Investment Authority, Aminar Sadiq, said in an interview with “Bloomberg” TV on Tuesday on the sidelines of the Qatar Economic Fora in Doha that the fund, which has reduced the “future generations in Japanus – with the US markets, has reduced the” future generations. – In the US markets, in the US markets, its investment has increased in the US markets. European assets. Sadiq added that this procedure has increased the fund’s share in ‘growth companies, as well as effects of businesses with an investment classification’. This step aims to implement the ‘diversification strategy’. He continued: “It was necessary, given the market activity and vitality we noticed to direct our investments to other areas to ensure the construction of a strong and diverse portfolio.” High quality shares established Nigeria, the largest oil producer in Africa, the Nigerian sovereign investment authority in 2011 with the aim of investing the financial surpluses due to crude oil sales. The government has begun a primary one billion dollar pump to finance its activities, and since then the government has provided an additional $ 971 million in various groups. Sadiq also noted that the government united its portfolio in the equity sector by focusing on “high quality”, and still investing in the US market as it is big and deep and provides good opportunities for investment. This indicated: “The United States includes the largest businesses and institutions, regardless of what is going on today, it goes without saying that it will remain a permanent big player.”