From Istockanalyst.com: Over the past few decades, Sovereign wealth funds (SWFs) have become the preferred way for oil-rich nations to diversify their economies away from oil.
SWFs are “special investment funds created or owned by governments to hold foreign assets for long-term purposes,” according to the International Monetary Fund (IMF). They can also be used for stabilization and short-term liquidity…………………………………………Full Article: Source