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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Fund Profile/New Launches, Investment, Market

East Timor SWF to diversify from US bonds

Posted on 18 December 2009

From Reuters: East Timor said on Thursday its $5 billion sovereign wealth fund plans to diversify away from U.S. Treasuries and invest in other government bonds as well as property.

The government is considering changing a law that requires 90 percent of the assets of the Petroleum Fund to be invested in U.S. Treasuries, which currently make up all of the fund………………………………..Full Article: Source

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