19.06.2012 - SWFs to reach $30 trillion in 20 years
Sovereign wealth funds (SWF) have grown to US$5 trillion but still account for just 6% of world funds under management, according to new research from Rainmaker. The SWF sector has grown 10% pa over the past four years and is on its way to reaching $US30 trillion over the next 20 years provided there are no significant capital draw downs, notes Rainmaker. Reflecting the dominance of resource revenue in SWF assets, the Middle East makes up 38% of the sector. In Asia SWFs are primarily used to manage fiscal and currency reserve. Nearly two-thirds of Asia's SWF assets are sourced from China...............................................Full Article: Source
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