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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Asian SWFs may turn toward home

Posted on 29 October 2008

From IHT: Asian sovereign wealth funds may become more active closer to home, shoring up markets as emerging economies turn to their deep pockets to steer around the damaging effects of the global market turmoil, analysts say.

Bets on Western banks like Citigroup and UBS - where the funds pumped in billions of dollars during the early phase of the credit crisis - have shown few signs of paying off….. Full Article: Source


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