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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

India: Sovereign bonds issue, Yes; sovereign fund, a big No

Posted on 09 May 2012

It speaks much for the kind of policy confusion in Delhi that we now are talking simultaneously about creating a sovereign fund to invest in assets abroad and a sovereign bond issue to borrow money abroad.
So we want to borrow to invest – which is not a great idea at any time. A PTI report says that a meeting of secretaries is to be held on Wednesday (9 May) to mull over the idea of creating a sovereign fund to buy overseas assets for state-owned companies………………………………………..Full Article: Source


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