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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

SWFs get $1.2 bln more QFII quota

Posted on 06 February 2013

China continues to award increasingly chunky QFII quotas ever more swiftly. Last month two sovereign wealth funds hit $1 billion and eight asset managers received their first allocations.
The State Administration of Foreign Exchange (Safe) granted Abu Dhabi Investment Authority $500 million and Kuwait Investment Authority $700 million in additional quota. That takes them to $1 billion each, which was the limit for an individual institution until December, when Safe said it would raise the threshold for sovereign wealth funds, central banks and monetary authorities………………………………………..Full Article: Source


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