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

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…...