Thu, Oct 2, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

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

Australia must have a sovereign wealth fund

Posted on 29 August 2011

Wayne SwanIn times of prosperity, doesn’t it make sense to set aside some wealth for the benefit of posterity; for the point when the mining boom comes to an end and we reach the bottom of the bottomless pit? It is with this aim in view that I support a sovereign wealth fund (SWF) to manage Australia’s long-term prosperity.
A SWF is a state-owned but independently managed fund into which surplus revenue is pooled and then invested, typically abroad. The interest that accrues on these investments ensures that the fund’s wealth grows over time – provided the investments don’t turn bad……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 14863 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031