| From Thenational.ae: Sovereign wealth funds (SWFs) are more or less as their name describes them: stashes of capital built up by governments in a number of ways - sometimes through the fortuitous existence of natural resources, as is the case with the SWFs of the Middle East with their massive energy revenues; and sometimes by efficient exporting industries and prudent savings policies, as with China and Singapore.
Whatever their origin, SWFs are all the equivalent of hard cash in the bank..............................................Full Article: Source
|