| Sovereign wealth funds in the region are investing more in emerging markets such as Africa and China as they shift away from Western markets. Sovereign wealth funds (SWFs) in the Middle East are looking to invest actively in an effort to generate better returns for their shareholders, according to a new study by auditing and consulting firm KPMG. The report also found that there has been a shift in the last two years on how SWFs allocate their assets.
“While the majority of SWFs continue to deploy their funds in bonds and global equities, a relatively low interest rate environment, continually evolving investment strategies and a growing appetite for alternative asset classes are resulting in a shift away from what has typically been a passive investment philosophy,” said Vikas Papriwal, KPMG partner and head of markets...............................................Full Article: Source
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