| Market commentators that have blamed sovereign wealth funds (SWFs) for driving the recent equity market sell-off may be wide of the mark, according to advisory firm GeoEconomica.
The majority of drawdowns from SWFs last year were smaller than their annual investment returns, wrote GeoEconomica Managing Director Sven Behrendt in a note published by the International Forum of Sovereign Wealth Funds. This is despite a series of commentaries claiming large withdrawals from SWFs have led to price falls across stock markets...............................................Full Article: Source |