20.10.2008 - SWFs stocks underperform markets
Sovereign wealth fundsí stock investments tend to perform less well than comparable local indices, according to the first empirical research into the financial impact of the fundsí investments. On average, companies with sovereign wealth funds as investors underperform their respective markets by 8% over one year and 14% over two years, according to research published by the University of Oklahoma...... Full Article: Source