04.08.2015 - German investment professionals back launch of sovereign wealth fund
Nearly three-quarters of German investment professionals would back the creation of a sovereign wealth fund (SWF) to help address the country’s infrastructure needs. The German Federation of Financial Analysts and Asset Management (DVFA) found that 68.6% of its members backed the creation of a SWF that could help with “targeted, direct investments”, according to the association. It noted that the countries traditionally associated with such funds financed them by putting aside their budget surplus. The German federal government is not currently in surplus, but, in accordance with a new law, it will not take on any new debts this financial year...............................................Full Article: Source
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