27.03.2012 - What is SWF?
A Sovereign Wealth Fund (SWF) is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Sovereign wealth funds invest globally. Most SWFs are funded by foreign exchange assets. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nationís banking system; this type of fund is usually of major economic and fiscal importance. ..............................................Full Article: Source
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