| Sovereign Wealth Funds (SWFs) gradually regained their appetite for foreign investments in 2010 having cut?back on cross?border spending for much of 2009. Assets under management of SWFs increased 11% in 2010 to $4.2 trillion. There was a further $6.8 trillion held in other sovereign investment vehicles, such as pension reserve funds, development funds and state?owned corporations' funds and also $7.7 trillion in other official foreign exchange reserves.
TheCityUK expects assets of SWFs to reach over $5.5 trillion by the end of 2012. The UK and London in particular is an important centre in the SWFs market as a clearing house and location from where some of these funds are managed.............................................Full Article: Source
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