28.10.2010 - Sovereign fund assets cross $4tr
From Zawya.com: The value of their combined global assets is estimated to have breached the $4 trillion mark this month, led by strong expansion in the assets of commodity-backed SWFs. The balance of investing power has also shifted from the Middle East to Asia, according to the latest research. Norway’s Government Pension Fund Global, or GPFG, announced that it topped three trillion crowns for the first time, bringing its overall asset value to $512 billion. According to research by the Sovereign Wealth Fund Institute in Las Vegas, which tracks these funds and analyses their impact on global finance, Norway’s growth has pushed global SWF assets past the $4 trillion mark for the first time, from $3.9 trillion at the end of September..............................................Full Article: Source
Print