03.04.2014 - Panama's sovereign wealth fund to diversify into stocks - CIO
Panama's sovereign wealth fund expects to begin the process of investing some of its assets into equities later this year, and would target developed economies, its chief investment officer said on Tuesday. The fund, set up in 2012 to safeguard the country against negative shocks, currently invests almost two thirds of its $1.3 billion of assets in fixed income and holds the rest in cash. The majority of its fixed income assets are in U.S. corporate bonds, mortgage-backed securities and Treasuries, as well as debt issued by multi-lateral lenders such as the Latin American development bank (CAF)..................................Full Article: Source