| The state kills a major card in the management of its revenues. With the establishment of a Sovereign Legacy Fund, Maurice joined a league of nations where there are Norway, Saudi Arabia and Singapore. The sovereign funds of these countries is to grow the surplus from the marketing of petroleum products. This money is mainly used to compensate for any drop in state revenues given the volatility of oil prices on the world market.
This type of fund is invested mainly in blue chip stocks. "A sovereign wealth fund has a diversified investment portfolio," says Poonam Teeluck, Associate Director at Elysium Capital, an investment bank. "This type of fund is active in the treasury bonds, commodities, real estate, to name a few. Some of these funds are so massive, with assets worth one trillion dollars that they can meet the needs of the country for decades. This is Norway, which has the largest sovereign fund, worth $ 860 billion, or Rs 31,600 billions! Maurice, so well that entering in this league, is less than a grain of sand, especially as the country is rich by its people, not its basement. (Translated)..............................................Full Article: Source
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