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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

Iceland targets wealth funds as new law hits bondholders

Posted on 28 March 2012

Steingrimur J. SigfussonIceland wants to target wealth funds from China and Norway next time it sells debt to foreign investors after fixing its krona controls to prevent some bondholders getting their returns in other currencies.
The parliament’s March 13 agreement to backtrack on a program to ease currency controls by targeting debt investors it characterized as speculators won’t affect Iceland’s ability to tap international bond markets in the future, Economy Minister Steingrimur J. Sigfusson said………………………………………..Full Article: Source


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