2023 Review

Letter from the Managing Director

The financial narrative of 2023 was one of economic and technological convergence, in which the impact of easing inflation combined with the rise of artificial intelligence to spark a sharp rally in risk assets.

Operational Review

At ADIA, we believe that success in financial markets is directly correlated with our ability to continuously learn and evolve in a dynamic, rapidly changing landscape. This mindset has served to guide ADIA’s organisational priorities in recent years – from leveraging the full power of our total portfolio, to increasing our organisational agility, and building out our quantitative and data-driven capabilities.

Portfolio Highlights

Long-term strategy portfolio by geography*

map image

North America

45%Min
60%Max

Europe

15%Min
30%Max

EMERGING MARKETS

10%Min
20%Max

DEVELOPED ASIA

5%Min
10%Max

*As a matter of practice, ADIA does not invest in the UAE.

Long-term strategy portfolio by asset class*

*The above denotes long-term strategy portfolio ranges within which allocations can fluctuate; hence, they do not total 100%.

Investments

ADIA has a highly diversified portfolio that spans geographies, asset classes and asset types, with the objective of generating consistent, long-term returns throughout market cycles.

Equities

Financial
Alternatives

Real Estate

Fixed Income

Private Equity

Infrastructure

Governance

ADIA has robust governance standards with clearly defined roles and responsibilities that ensure accountability.

Board of Directors

Investment Committee

2023 Review

Download the full 2023 Review PDF. It contains the annual overview of all our activities and performance, including our Managing Director’s Letter, Operational Review and more detailed breakdown by asset class.

Download PDF