18.02.2011 - Innovating sovereign wealth funds
From Policyinnovations.org: At the national level such funds are referred to as Sovereign Wealth Funds (SWF) and they aim to capitalize on windfall profits or economic rents from natural resource unearned increments and other excess income. The goal of these funds is to stabilize revenues, save assets for contingencies, and allow for more effectively planned expenditures. The Sovereign Wealth Funds Institute, based in Las Vegas, estimates the total value of SWF assets at $4.16 trillion. The six largest SWFs account for 75 percent of all assets held by such funds worldwideŚChina, Kuwait, Norway, Saudi Arabia, Singapore, and United Arab Emirates..............................................Full Article: Source
Print