What type of investment fund is the Public Investment Fund?
Mutual fund
Hedge fund
Sovereign wealth fund
Private equity fund
Answer
The Public Investment Fund (PIF) is a sovereign wealth fund, which is a state-owned investment fund that invests in various sectors and industries to diversify the economy and promote sustainable growth. Sovereign wealth funds are typically established by countries with significant financial resources, such as oil revenues in the case of Saudi Arabia.
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More Questions
Before becoming the governor of PIF, what was Yasir Al-Rumayyan's profession?
Which Saudi Arabian city is Yasir Al-Rumayyan originally from?
In which year did Yasir Al-Rumayyan become the governor of the Public Investment Fund?
What is the estimated value of the Public Investment Fund?
Which major American company did the PIF invest in under Yasir Al-Rumayyan's leadership?
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