Nigerian Sovereign Fund Boosts Exposure to Asia, European Assets
By , Jennifer Zabasajja, and Joumanna Bercetche
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Nigeria's sovereign wealth fund reduced its exposure to the US at the beginning of this year and bought other investments to diversify its portfolio.
The fund, which had 4.42 trillion naira ($2.76 billion) under management as of December, reduced the exposure of its Future Generation Fund to US markets and bought more Japanese, Australian and European assets, Umar-Sadiq said in an interview with Bloomberg TV on the sidelines of Qatar Economic Forum in Doha on Tuesday.
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