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Sunday, May 25, 2025 1:52 GMT
The head of the Kuwait Investment Authority, which manages almost US$1 trillion in assets, said the sovereign wealth fund is committed to investing in the US and that investors cut allocations to US assets at their own risk. Some global investors have ditched US assets in recent weeks on fears that US President Donald Trump’s overhaul of global trade may hurt the US economy, and could cause deeper long-term damage. The trend looks set to continue, given that a record number of managers have...More