The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by Emirate of Abu Dhabi (in United Arab Emirates) founded for the purpose of investing funds on behalf of the Government of the Emirate of Abu Dhabi. It manages the Emirate’s excess oil reserves, estimated to be as much as $1.329 trillion. Its portfolio grows at an annual rate of about 10% compounded. The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds.ADIA has never published how much it has in assets but estimates have been between $800 billion to approximately $875 billion USD. The Sovereign Wealth Fund Institute puts the figure at US$792 billion.
The reason we are discussing ADIA is because it has recently sold 63,598 shares in a kitchen appliances maker at Rs 6140.02 via a bulk deal on the National Stock Exchange. This happened on the 24th of October 2017.
Please watch the video to know the name of the company and the various details about it.
Having watched the video however it is imperative to mention that fund/institutional interest in the company is not a guarantee of future appreciation in the stock price of a company. One must tread with extreme caution while taking action on stocks where there has been recent fund action. This is because with such a large chunk of shares, any sort of liquidation on their part may send the stock tumbling down. The general public would only come to know of the information post the event happening, by which time the stock price would have substantially depreciated. Hence, please exercise extreme caution and consult your financial advisor prior to taking any action on any of the information presented herewith.
Standard Disclaimer :: The information in this article has been compiled from freely available information on the internet. None of the stocks mentioned here should be considered as recommendations to buy and one must carry out his/her own research prior to acting on any of the information presented here.
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