09.06.2015 - Sovereign funds extend move into infrastructure
The sharp slide in oil prices and low yields on traditional investments has seen sovereign wealth funds keep increasing their exposure to alternative investments like infrastructure and take on a more direct asset management role, according to a new survey. Invesco’s 2015 Global Sovereign Asset Management Study also found the low oil price was having a bigger impact on flows into North American funds than on those in the Middle East, which are large enough to weather the short term volatility. “In the Middle East the funds are well established, larger and many were caught out during the financial crisis and so have put in place more governance and risk management policies, including allowing for oil price to fluctuate,” said Nick Tolchard, chair of Invesco’s Global Sovereign Group and head of Invesco Middle East...............................................Full Article: Source
Print