October 16, 2017 / 7:36 AM / a month ago

Qatar Investment Fund Plc to broaden focus beyond Qatar

DUBAI, Oct 16 (Reuters) - The board of Qatar Investment Fund Plc plans to broaden the fund’s investment strategy from focusing largely on Qatar to targeting the six-nation Gulf Cooperation Council, it said in a statement on Monday.

The current strategy allows the fund to invest up to 15 percent of its assets in GCC countries other than Qatar; the proposed new strategy would remove this limit. Qatar Investment Fund had total net assets of $97.1 million as of Sept. 30, according to Thomson Reuters data. (Reporting by Andrew Torchia)

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