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

India: Government mulls $10-bln sovereign wealth fund

Posted on 23 August 2011

Taking a cue from China, India too is working out the modalities of setting up a $10-billion sovereign wealth fund (SWF) to acquire energy assets abroad. A group of ministers (GoM) on energy security issues headed by finance minister Pranab Mukherjee is set to meet on Tuesday to formulate the modalities to set up an SWF.
A sovereign wealth fund is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Sovereign wealth funds invest globally……………………………………….Full Article: Source


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