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

Israel set to join the rich countries club

Posted on 09 February 2011

From Oilprice.com: From Israel, there is good news and bad news. The good news – and it is huge – is that Israel will soon be awash in natural gas. Indeed, Israel is set to become so rich that it is laying the groundwork for creating a sovereign wealth fund for overseas investments in order to protect the country from inflation and the shekel from getting too strong.
Indeed, Israel is set to become so rich that it is laying the groundwork for creating a sovereign wealth fund for overseas investments in order to protect the country from inflation and the shekel from getting too strong……………………………………….Full Article: Source


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