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Sovereign Wealth Funds Briefing - Categorized | Trends

Africa experiencing surge in sovereign funds

Posted on 12 June 2013

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


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