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

Consider setting up supra-sovereign wealth fund, Muslim nations told

Posted on 28 June 2010

From Btimes.com.my: Muslim economies should consider setting up a supra-sovereign wealth fund, given the shifting in investment fund flows to the East, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah. The combined Muslim economies of Asia, Middle East, Central Asia and Africa (or MAMICA) are contributing significantly to global growth.
“The fund is to invest in MAMICA manufacturing, services, natural resources and portfolio investment sectors, providing returns that are compatible to the global sovereign wealth funds industry,” he said……………………………………….Full Article: Source

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