12.05.2016 - Sovereign Funds Augmented Direct Energy Investments in 2015
Despite falling oil prices and bubbles forming in solar energy stocks, sovereign wealth funds had increased exposure to allocating directly into energy sector investments before and after the equity market turmoil in December 2015, according to data from SWFI's Sovereign Wealth Fund Transaction Database (SWFTD). Sovereign funds alone invested directly US$ 17.99 billion into the energy sector from March 31, 2015 to March 31, 2016. This is compared to US$ 7.92 billion from the previous term of March 31, 2014 to March 31, 2015. This massive US$ 10 billion expansion in direct energy sector investments demonstrated that wealth funds were bullish and opportunistic at the time...............................................Full Article: Source
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