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Sovereign Wealth Funds Briefing 22.Aug 2014

Posted on 22 August 2014 by VRS |  Email |Print

In America, the cradle of capitalism, we need to have a sovereign wealth fund. Capitalized with at least $1 trillion in the beginning, our fund should be the largest, most forward-looking and most successful one in the world. If run independently (without partisan influence) by credentialed managers who might contribute their service gratis, America’s Sovereign Wealth Fund would produce consistent and outsized rates of return on invested capital.
Under exceptional management, our fund could grow in size to levels that might help reassure our foreign creditors, as these must already be more than worried given the size of America’s total debt, and our demonstrated pattern of bipartisan profligacy………………………………………..Full Article: Source

Posted on 22 August 2014 by VRS |  Email |Print

Only 5 million people live in Norway, but thanks to the country’s careful management of its oil wealth, the country runs the largest sovereign wealth fund in the world. Everything about the fund is big. Very big. Reported assets, for example, totaled $890 billion at the end of June—that’s $178,000 for every Norwegian. And the fund holds around 1% of all the stocks and bonds in the world.
By the end of 2020 the government expects the fund—officially known as the Government Pension Fund Global—to be worth the equivalent of $1.1 trillion in today’s money. To try to put the fund’s size and growth in perspective, the chart below shows its year-end values converted into current dollars, alongside a few examples of things that fetch roughly the same amount of money today………………………………………..Full Article: Source

Posted on 22 August 2014 by VRS |  Email |Print

Norway’s €663bn sovereign wealth fund, the world’s largest, is slowing its expansion into emerging markets as it scales back a two-year mission to tap into the fastest growing markets. “We are gradually picking up some new markets but at a less rapid pace than we did at the beginning of the year,” Yngve Slyngstad, the fund’s chief executive officer, said in Oslo.
The fund has been accelerating its investment into emerging markets since 2012, when it won permission to realign large parts of its portfolio away from developing markets to help boost returns. At the time, the government approved a plan to reduce holdings in Europe to 41pc from 54pc of the total portfolio………………………………………..Full Article: Source

Posted on 22 August 2014 by VRS |  Email |Print

Norway’s sovereign wealth fund, the world’s largest, returned 192 billion kroner (S$38.79 billion) in the second quarter as energy stocks and emerging markets led a rally amid turmoil in Iraq and Ukraine. The Government Pension Fund Global gained 3.3 per cent in the quarter, the Oslo-based investor said yesterday. The US$880 billion fund’s stock holdings returned 4 per cent and its bonds 2 per cent. Real estate returned 3 per cent.
“Equity markets rose in the second quarter and emerging markets performed best,” Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, which runs the fund, said in a statement. “Considerable liquidity flowed into the market, which pushed asset prices up.”……………………………………….Full Article: Source

Posted on 22 August 2014 by VRS |  Email |Print

Azerbaijan s state oil fund SOFAZ intends to invest in the Chinese market with the government debt securities, SOFAZ told Trend Agency on August 14. China as the second largest economy in the world remains an attractive market for the growing number of foreign investors. Prospects of the Chinese Yuan as an additional investment currency attract considerable interest of various categories of investors, including sovereign wealth funds.
SOFAZ has recently applied to the People s Bank of China to use broad investment opportunities in the Chinese market, SOFAZ said. The decision was made after careful evaluation of investments in the context of the overall investment portfolio. Currently the fund is at the stage of negotiation with the Chinese authorities on the approval of the quota. The outcomes of the negotiations will be released after the signing of agreements between Azerbaijan and China………………………………………..Full Article: Source

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