Saudi Wealth Fund Just Bought $7B Worth of Growth Stocks: Top 10 Purchases

4 min read

PIF has been buying growth stocks recently. Should you? Saudi’s largest sovereign wealth fund is Public Investment Fund (PIF). They are the world’s 6th largest sovereign wealth fund with an AUM of $620bn.  Despite being a sovereign wealth fund, its goal is ambitious. They are looking to increase the number to $2 trillion by 2030, which is twice that of the largest sovereign fund (Norway Government Pension Fund Global). Needless to say, they are hungry for return and have a huge risk appetite.  Since they are a sovereign wealth fund, its actions represent the national interests of the Saudi government, and…...

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Sam Warain I am half Filipino/half Sri Lankan and living in Tokyo, Japan. After spending a few years in MBB consulting firm, I moved to an AI Start-Up in Tokyo at an early stage (Series A). We successfully had an IPO at $1bn valuation on the Growth Index in Japan. Currently, I transitioned to a COO role at another AI firm specifically providing services to the manufacturing industry. I have a Newsletter called "Inflated World" sharing personal anecdotes of people experiencing inflation worldwide, especially developing countries. Please consider subscribing.