18.07.2011 - Shift in petrodollar investment to unnerve Western markets
The shift in the destination of petrodollars managed by sovereign funds is getting more visible in equity markets, where the emerging world is increasingly attracting direct investment. Data from advisory group Monitor shows the Asia-Pacific region attracted the largest chunk of SWF direct investments in 2010 at US$25.2 billion, or nearly half of the total. "Previously the amount of investment that went to domestic markets was very minuscule because it was a small country," said Sandeep Nanda, fund manager of Qatar Investment Fund, which is 10 percent owned by the country's Sovereign Wealth Fund..............................................Full Article: Source
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