| From WSJ: Big oil investors and Asia’s central banks and sovereign wealth funds are poised to grow twice as fast as other institutional investors, underscoring how financial power is continuing to shift away from the West, a report from the McKinsey Global Institute found.
According to MGI, the McKinsey’s economics research arm, petrodollar investors — including central banks, sovereign wealth funds, and individual magnates based mostly in the Middle East and Russia — will see the value of their foreign assets soar to at least $9 trillion by 2013, up from an estimated $5 trillion at the end of 2008.........Full Article: Source
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