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Abu Dhabi fund sees opportunities despite uncertainty

The Abu Dhabi Investment Authority (Adia) has said that despite an uncertain outlook, the world economy still offers opportunities for it and other patient investors, the Associated Press has reported. "Despite facing undoubted short-term risks, the global economy offers many exciting and important opportunities. Economic growth each year is advancing millions of people out of poverty and into more active participation in the global economy," said Adia's managing director, Hamed bin Zayed Al Nahyan. The world's largest sovereign wealth fund has generated an average return on its investments of 6.9% annually over the past 20 years and 8.1% annually over the last 30 years, said Adia in its 2011 report.