24.06.2013 - Reflection on Angolaís sovereign wealth fund investment policy
Angolaís US$ 5 billion Fundo Soberano de Angola (FSDEA) has released their investment policy. The sovereign fundís asset allocation mix will support three criteria: preservation of capital, long-term return maximization and infrastructure development. The fifty percent allocation to cash, fixed income and G-7 stocks is modeled after the first criterion. The other 50% is open-ended with an opportunistic lens including investing domestically in Angolan prospects like the hotel industry. The sovereign fund has endowment-like characteristics to it, as well as a stabilization function..............................................Full Article: Source
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