Fri, Oct 31, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 13.Aug 2013

Posted on 13 August 2013 by VRS |  Email |Print

Saudi Arabia has ranked first in the volume of assets of sovereign wealth funds (SWFs) among the GCC countries at $641 billion (SR2,400 billion) followed by the United Arab Emirates (UAE) at $397 billion (SR1,489 billion).
Kuwait came in the third rank at $395 billion (SR 1,481 billion), followed by Qatar ($175 billion or SR656 billion), Oman ($14 billion or SR52.5 billion), and Bahrain ($11 billion or SR 41 billion), local media said quoting a report by Moody’s Investors Service. The assets of SWFs in the GCC countries have grown alongside the recovery in oil prices since the 2009, the report said………………………………………..Full Article: Source

Posted on 13 August 2013 by VRS |  Email |Print

India will allow sovereign wealth funds to invest up to 30 percent in the tax free bonds to be sold by state-run infrastructure companies, Finance Minister P Chidambaram said on Monday.
The government has allowed state-run companies to sell about 500 billion rupees worth of tax-free bonds in the current fiscal year 2013/14………………………………………..Full Article: Source

Posted on 13 August 2013 by VRS |  Email |Print

The Central Board of Direct Taxes has given its nod for several State-owned entities to mobilise Rs 48,000 crore this fiscal through tax-free bond issuances.
As many as 12 State-owned entities and the National Housing Bank (a subsidiary of the Reserve Bank of India) have been allowed to raise funds through this route, after analysing their need and capacity to raise money in the market. The tenure of the bonds could be 10, 15 or 20 years………………………………………..Full Article: Source

Posted on 13 August 2013 by VRS |  Email |Print

The annual review of Singapore’s sovereign wealth fund, the GIC’s portfolio management review provided an insight into how the $100bn fund has structured its portfolio since inception in 1981. The report found that the GIC Portfolio’s 20-year annualised real rate of return for the year ended 31 March 2013 was 4.0%, as compared with 3.9% the previous year. 2012 saw the GIC undertake a review of how it managed money.
The report says: “The aim was to position the GIC Portfolio in anticipation of a more challenging and complex investment environment, so that GIC could continue earning good long-term real returns. The review built on GIC’s strengths, applied lessons learnt, and considered changes to both investment strategies and governance.”……………………………………….Full Article: Source

Posted on 13 August 2013 by VRS |  Email |Print

Real estate was by far the best-performing asset class for the Norwegian Government Pension Fund Global during second quarter, as the NOK4.4trn (€557bn) sovereign fund generated a marginally positive return on all its investments.
The Norwegian oil fund’s property holdings, which accounted for less than 1% of total assets at the end of June, returned nearly 3.9%, outperforming both equities (0.9%) and bonds (-1.4%)………………………………………..Full Article: Source

See more articles in the archive

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