Tuesday 26 February 2013
Comments 0 Views: 2246
The Sovereign Wealth Fund Initiative March 2012 (Drivers of Strategic Asset Allocation Decisions for Sovereign Wealth Funds)
Sovereign wealth funds emerged as early as the 1950s, and expanded in number in the 1970s especially in oil-producing emirates, such as Abu Dhabi, as a way to accumulate current account and budget surpluses during the oil boom. Now, Abu Dhabi boasts the largest fund, sized at USD 600-700 billion, and other countries have followed its lead. Today, such funds hold as much as USD 2.5 trillion in asse...