24.05.2011 - Gulf SWFs to focus on local investments
The Gulf region’s sovereign wealth funds, or SWFs — which account for 44 per cent of global SWF flows, representing just over $1 trillion — are stepping up their domestic investments in the wake of the Middle East unrest, leading asset management company Invesco said on Monday. Invesco’s latest study suggests geo-political drivers could prompt GCC-based SWFs to shift to more locally-focused investments and balanced-equity investment..............................................Full Article: Source
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