“PIF made sizable bets, scooping up discounted US and European blue chip equities when the coronavirus hit hard and earning profits when share prices rebounded.”
-According to the Sovereign Wealth Fund Institute, Gulf-based sovereign wealth funds bet big on the United States during 2020 with $14.7 billion directly invested in the US versus $6.5 billion in 2019 and $6.2 billion in 2018. [Arabian Business]
