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

Africa has strongest growth in sovereign funds, JPMorgan says

Posted on 10 June 2013

Africa is experiencing the strongest growth in new sovereign wealth funds in the world as the continent’s nations are amassing commodity revenues and foreign-exchange reserves, according to JPMorgan Asset Management Inc.
During the past two years, 15 state funds have been set up or are being considered in Africa, Patrick Thomson, the global head of sovereigns at JPMorgan Asset said. The region will see more starting in the coming years, he added………………………………………..Full Article: Source


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