Mubadala, Adia, and the world’s biggest sovereign funds have a new playbook: fewer stocks, more data centers

The world’s biggest sovereign wealth funds are pulling money out of listed equities and rotating hard into private markets

This trend is only going to accelerate annual sovereign wealth study (pdf)

The culprit is a toxic backdrop of inflation, geopolitical tensions, and equity market concentration.

AI is both the problem and the catalyst.

Case in point: qualified institutional placement Vantage Data Centers backed

MARKETS THIS MORNING

Asi an equities ar e looking at moderate gains in early trading this morning note

Interest rates (CBE)

S&P Egypt Sovereign Bond Index

S&P MENA Bond & Sukuk

VIX (Volatility Index)

The EGX30 fell 1.0% at yesterday’s close