Saudi Arabia's $300 billion wealth fund ditched Facebook, Disney, and Boeing stocks, and poured billions into ETFs in the second quarter
Saudi Arabia's sovereign wealth fund, which is among the largest in the world, released investments it bought and sold in the second quarter in an SEC filing.
The wealth fund focused on exchange-traded funds rather than individual investments and invested nearly $4.7 billion on the real-estate and utilities sectors.
The fund invested $1.86 billion into The Utilities Select Sector SPDR Fund, and $2.79 billion into The Real Estate Select Sector SPDR Fund, the filing said.
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