Saudi investment in US ditches blue chips.
Goes index funds. Reports bloomberg.
Comes after Saudi cuting tie with Softbank.
Which meant Saudi stopping investment in US software startups.
And comes after Saudi alienating Al-walid bin Talal the top billionaire investor from family of Saud by arresting him and taking billions of dollars from him as ransom. He was a blue chip fan and possibly a Saudi investment advisor.
And comes after MbS taking control of KSA.
Not sure if I ever shall get a Saudi visa after this post :V
https://www.bloomberg.com/news/articles/2020-08-14/saudi-wealth-fund-ditches-blue-chip-stocks-adds-etfs