| From Gulfnews.com: Sovereign wealth funds have undergone a massive transformation by embracing the geographic distribution of their portfolios. Financial sector holdings in developed nations continue to dominate the portfolios of sovereign wealth funds (SWFs) worldwide as banks benefit from bailout and stimulus packages implemented by several OECD nations.
While a lot of smaller banks succumbed to the recession in the United States and Europe over 2008 and 2009, the "too big to fail" institutions have been the recipients of trillions of dollars in bailout cash. These are now beginning to pay back this cash, clean up their balance sheets and emerge profitable once again...........................................Full Article: Source
|