Equities, fixed income drive Adia's 2012 returns

Equities and fixed income drove Abu Dhabi's sovereign wealth fund's returns last year, with emerging markets remaining high on its agenda looking into 2013 and beyond. The Abu Dhabi Investment Authority (Adia), which manages an estimated $700-750 billion in assets, had 20-year annualised returns of 7.6% as of 2012, according to its annual report released yesterday. Stock markets in the US and Europe and in emerging nations China, India, Indonesia, Mexico, Poland and Turkey were …