KUWAIT (Reuters) - A rainy day fund managed by Kuwait Investment Authority (KIA) had assets currently worth more than $261 billion (161.7 billion pounds) at the end of March last year, a local newspaper reported on Sunday citing a government audit. Oil-producing Kuwait, one of the world's richest countries per capita, puts a percentage of its annual revenues into the Future Generations Fund, a nest egg for when oil supplies diminish or for when the economy suffers other shocks. Daily al-Qabas said 47 percent of the fund was invested in stocks and that its total size was 73.63 billion Kuwaiti dinars (162.1 billion pounds) at the end of March. This would be $261.47 billion according to the...
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