Abu Dhabi wealth fund shifts away from Japanese investments to focus on new areas

A general view of the Abu Dhabi skyline is seen, in this file photo taken on December 15, 2009. REUTERS/Ahmed Jadallah

The Abu Dhabi Investment Authority has reconfigured the way it invests in Japanese stocks, part of a wider shift by the world’s third-largest sovereign wealth fund to focus on areas with more growth potential.

The fund, known as ADIA, closed a small team that focused on Japanese equities and three portfolio managers left, according to people familiar with the matter who declined to be identified because the information is confidential.

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