17.10.2016 - For sovereign funds, India is the place to be
With volatility plaguing global commodity markets, sovereign wealth funds (SWFs) have turned to India to park their funds. The value of Indian stocks held by these investors is up 32 per cent in the first eight months of 2016, at INR 2.31 lakh crore. In 2015, too, SWFs were net buyers of Indian equity, with the value of their holding rising 14 per cent. Some of the world’s largest funds, such as Norway’s Government Pension Fund Global, the Government of Singapore Investment Corporation (GIC) and the Abu Dhabi Investment Authority (ADIA), hold a chunk of listed Indian stocks............................................Full Article: Source
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