Adia increases focus on EMs, China, credit

Abu Dhabi’s sovereign wealth fund sees global growth driven increasingly by emerging markets, with China assuming a much greater role in the cycle, and is positioning its portfolio accordingly. When an investor of such size – with an estimated $773 billion under management – makes such a call, it is likely to have big implications for world markets. One example of what Abu Dhabi Investment Authority (Adia) has in mind: it received approval to raise its allocation to China A-shar…