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

Australia: Not the time for wealth fund

Posted on 27 September 2011

Recently we have heard from a chorus of people all singing from the same economic song sheet: Australia needs a sovereign wealth fund.
It’s claimed that a sovereign wealth fund could provide the answer to a number of our country’s economic challenges. Its proponents argue that it can lock away the gains of the current mining boom for a rainy day; increase national savings; facilitate investment in offshore assets; put downward pressure on the Australian dollar; provide a source of foreign income; and reduce our current account deficit……………………………………….Full Article: Source


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