Saudi Arabia's sovereign wealth fund, which is among the largest in the world, released investments it bought and sold in the second quarter in an SEC filing.
The wealth fund focused on exchange-traded funds rather than individual investments and invested nearly $4.7 billion on the real-estate and utilities sectors.
The fund invested $1.86 billion into The Utilities Select Sector SPDR Fund, and $2.79 billion into The Real Estate Select Sector SPDR Fund, the filing said.
meshaluk MBS is truly a smart leader.
Great move . Great job MBS❤️
Smart move especially after collecting profits for these individual stocks, they picked the right entry point of these stocks and the right time to sell them .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The world's largest hedge fund dumped these 5 investments last quarter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. bridgewater has too many positions
Source: BusinessInsider - 🏆 729. / 51 Read more »
Why stock market will rise another 5% before year-end, says Tom Lee - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The exorbitantly wealthy have 'ample cash' while unemployed and working Americans stand in food lines. We are watching videos of citizens being unmercifully evicted because they lost their jobs due to the wealthy's failure. Our economy is on oxygen. EatTheRich TaxTheRich Hopefully cnbc can put him on 3 more times this week. Who wants to hear from Tepper, Druck, or PTJ anyways..
Source: BusinessInsider - 🏆 729. / 51 Read more »