KUWAIT CITY, March 5: Money from the Future Generations Fund invested worldwide is stable and have not been subjected to any losses, reports Al-Rai daily, reliable sources reassured.
The daily added, the only loss that the fund may have recorded recently is related to the decline in its investment profits, and not the decrease in its total investment values.
Official sources said the future generations reserve fund has not suffered a decline in value following losses experienced by stock markets around the globe which is believed to be in the vicinity of about 6 trillion dollars, and the Gulf about 86 billion, before the stock exchanges returned to correct their situations since last Monday’s trading.
The sources indicated that no money from the Future Generations Fund or the general reserve have been invested in high-risk countries according to the classification of the international work group.
The Kuwait Investment Authority also keeps pace with what is happening around the world and takes measures to protect the fund’s financial strength, even amid pressures the big markets are exposed to. The source pointed out the KIA adopts a conservative approach.