Bahrain's sovereign wealth fund eyes global assets

Mumtalakat, Bahrain's $10 billion sovereign wealth fund, will shift more of its portfolio into global assets and secure a credit rating this year - its chief executive said in an interview with Dow Jones Newswire.

"The bulk of our focus will be on developed countries, but we'll look at developing countries to take advantage of emerging economies," Al Zain said. He also mentioned that in the medium term the fund's portfolio will be allocated equally between global assets and MENA. Internationally, they will look at hedge funds, fixed income and alternative investments - initially focusing on liquid investments and then moving to other asset classes.

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More details from Dow Jones Newswire follows