Abu Dhabi Investment Firm Takes Bearish Stance on US Stocks, Increases Investment in Commodities and Cryptocurrency

05/10 15:16

The Royal Group, an investment business managed by a prominent member of Abu Dhabi's royal family, has reportedly taken a negative stance on US equities and moved most of its portfolio into short-term US Treasury bonds. The organization has accumulated an extensive short position on certain US stocks worth billions of dollars and is increasing its investments in commodities and cryptocurrency. The goal is to capitalize on the jittery market sentiment that has developed as a result of the failure of four US institutions and the growing likelihood of a slowdown in economic activity around the world. It remains to be seen how this will impact the price of Bitcoin, as its recent behavior has been inverse to that of Wall Street.
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