| Sovereign wealth funds (SWFs) are increasing their exposure to direct investments in real assets, according to data from the Sovereign Wealth Fund Institute. In the last half of 2012, $600 billion worth of transactions were made by SWFs, with European and US commercial property among the most popular purchases. The report also found the push towards direct investment had been driven by the trend of bringing investment decisions in-house.
Bringing assets in-house has become more popular in 2012 and 2013. In May, the Abu Dhabi Investment Authority (ADIA) brought five percentage points of its considerable assets under its internal investment team, resulting in 25% of its assets now being managed internally, up from 20% a year earlier...............................................Full Article: Source |