30.09.2011 - SWF emerged saviours of global finance
Sovereign Wealth Funds (SWFs) emerged as saviours of global finance during the 2007-2009 financial crisis with their massive investments in the financial sector, and some euro zone politicians may be hoping that they will again ride to the rescue. But so far surplus-rich nations that own SWFs have been non-committal, instead preferring to stay on the sidelines to see how events play out. Australia’s $76-billion SWF said last week it has increased its allocation to cash due to the market turmoil and will wait to see how events play out before putting the money back to work..............................................Full Article: Source
Print