In recent years, many companies have focused on various projects in the field of renewable energy and ESG. By introducing these orientations into the structure of their investment strategies, they seek not only to attract new potential investors, but also to be in the trend.
On the other hand, some companies, even entire regions, refuse this idea, considering conventional energy sources as undisputed. A few days earlier, we learned that the Texas authorities had banned 348 ESG-oriented funds, including Blackrock, UBS and others. It is not yet known whether the same fate awaits the DIF subsidiary in New York.
The Dubai Investment Fund (DIF), a Dubai-based asset management company, is expanding its international presence by entering the markets of three additional countries. New Zealand, the Czech Republic and Cyprus are the countries where the DIF extends. The investment fund will establish itself for the first time in these countries by setting up offices there in order to reach more companies and gain more access to the market.
The first of these offices, which will be located in Prague (Czech Republic) and will open in August, will be followed by offices in Wellington (New Zealand) and Nicosia (Cyprus) by mid-September. Employees will have the option of working from home, in the office, or in a capacity that combines the two.
Real estate, tourism, banking and artificial intelligence efforts will be the main focus of the Czech Republic and Cyprus offices. New projects on environmental, social and governance issues, as well as green energy and healthcare, will be the focus of the office in New Zealand.
The company plans to invest in solar power plants and groundbreaking biomedical initiatives in New Zealand. These innovative biomedical initiatives will investigate a number of methods to merge artificial intelligence with contemporary medical developments.
Currently, DIF has 17 locations worldwide, including Dubai, London, Sydney, Mumbai, Tokyo, New York, Frankfurt, Zurich, Quebec, Hong Kong, Jakarta, Seoul, Milan, Singapore, Luxembourg, Shanghai and Barcelona. Recently, the company expanded its global reach by including three additional countries in its portfolio. As a result, the total number of countries where the company is presented has increased to twenty.
In total, the firm employs approximately 2,600 people and manages assets worth approximately $320 billion on behalf of approximately 7,300 clients located in 61 different countries.
The company’s operating profit increased by AED14.3 billion in 2021, a 27% increase from the previous year. The company’s overall revenue was AED180.7 billion ($49.2 billion), an increase of 4.25% over the previous year. The company ended the year with a total asset value of AED1,184.6 billion ($322.2 billion) and a total equity value of AED878.1 billion ($231.1 billion). of dollars).
In combination with the most recent of this expansion and the creation of various departments that focus on innovation and ESG investing, it is safe to conclude that the company is using an asset allocation strategy to exploit the potential return on future technology investments.
By diversifying their risks, companies are laying their eggs in different baskets, trying to protect themselves from possible losses in a changing economic environment. And if investing in ESG is a successful diversification strategy, we will see it in the near future.
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