24.11.2014 - Looking beyond Sovereign Wealth Fund
A Sovereign Wealth Fund (SWF) is a special purpose investment fund that is owned by the government. In general, these funds hold financial assets such as stocks, bonds, property or precious metals. Around the globe, SWFs have been created to achieve savings, development, reserve investments and stabilisation roles at national level. Savings and stabilisation funds have been more prevalent where the former is created to build up savings for future generations while the latter helps to reduce the volatility of government revenues.........................................Full Article: Source
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