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

Australia Treasurer: No need now for a sovereign wealth fund

Posted on 23 August 2011

Wayne SwanAustralian Treasurer Wayne Swan said on Tuesday he does not see any need now for a sovereign wealth fund to help cope with the country’s mining boom.
“No it wouldn’t do anything in our current situation and wouldn’t do anything for some time to come,” Swan told Australian radio, when asked whether the government could consider establishing a sovereign wealth fund to smooth out the impact of the resources boom……………………………………….Full Article: Source


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