Sun, Apr 19, 2015
A A A
Welcome asarmad
RSS

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

Mauritius to establish $500 mln sovereign wealth fund

Posted on 23 November 2010

From Bloomberg: Mauritius plans to set up a $500 million sovereign wealth fund, Finance Minister Pravind Jugnauth said in Port Louis today as he presented the annual budget. “To ensure greater stability in the forex market, the government is creating a sovereign wealth fund that will be invested in a range of asset classes abroad,” Jugnauth told parliament.
The Indian Ocean island nation will use $350 million from its foreign currency reserves and $150 million from a Treasury foreign currency fund, which it will close, he said……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 16095 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2015
M T W T F S S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930