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Sovereign Wealth Funds Briefing - Categorized | Trends

Australia: Industry cuts trigger call for sovereign wealth fund

Posted on 23 August 2011

Paul BloxhamThe wave of job cuts in the steel industry, blamed on the high dollar, has reignited calls for a sovereign wealth fund to rein in the exchange rate.
A sovereign wealth fund is a savings pool used by commodity-rich countries such as Norway to invest the windfall of a resources boom or to soften the blow from a sudden fall in commodity prices……………………………………….Full Article: Source


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