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

Governors and sovereign wealth fund

Posted on 14 September 2011

For every nation worth its salt, it is imperative to save and invest a certain proportion of it wealth as part of a deliberate effort to drive growth and development. China, for example, has $827 billion in its SWF, United Arab Emirate $709 billion, Saudi Arabia $444.4 billion, Kuwait $202 billion and Libya $70 billion. The Funds have helped these nations achieve their development objectives.
The Federal Government has tried to take a cue from these countries by setting up its own Sovereign Wealth Fund……………………………………….Full Article: Source


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