| Concerns that falling oil prices would trigger a sell-off by sovereign wealth funds (SWFs) in the domestic market seem to have been unfounded. SWF assets in the equities market have risen 14 per cent to Rs 1.76 lakh crore during 2015-16, despite a nine per cent decline in the Sensex.
Overall foreign portfolio investor (FPI) equity assets fell by 6.3 per cent to Rs 18.9 lakh crore during this period, latest data by depository firm NSDL shows. SWFs, investment vehicles set up by countries with budget surpluses, invest in various liquid asset classes across the globe. Over half of global SWFs are from countries rich in natural resources, particularly oil...............................................Full Article: Source
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