| From Financialnews.com: At first glance, one might assume that the sovereign wealth funds will keep their distance from the latest opportunity to invest in Western banks. It has become a commonplace to refer to sovereign wealth funds' huge losses in the sector:
The ready example is the estimate that Singapore's Temasek and the China Development Bank have lost in the region of £1bn (€1.3bn) since investing heavily in Barclays last year and even more in another share placing this summer. But despite popular opinion suggesting the contrary, most sovereign wealth funds' major investments in Western banks are yielding rewards despite plunging share prices in the sector....... Full Article: Source |