Sovereign wealth funds (SWF) are the giant aircraft carriers of global financial markets. Together these government-owned funds - investing in assets such as bonds, fixed-interest stocks, equities, property, precious metals, land and commodities - have an aggregate net worth estimated at between $3,600 billion (£2,200bn) and $3,800bn.

Both their size and their modus operandi are difficult to assess. Some are transparent. Others are swathed in secrecy. But they can wield enormous financial power……………………………………….Full Article: Source