Mubadala Says It’s Still Committed to US Even as Iran War Rages

Mubadala Investment Co. said it’s still committed to investing in the US, a welcome relief for asset managers who had grown worried that the war in Iran would cause sovereign wealth funds in the region to pull back on their overseas investments.

Roughly 44% of Mubadala’s assets are deployed in the US, according to Waleed Al Mokarrab Al Muhairi, the wealth fund’s deputy group chief executive officer. The US has been, and remains, the best investment destination from a “risk-reward” perspective, he said.