14.10.2011 - Thailand: Sovereign wealth funds: Things you need to know
As debate rages between the Finance Ministry and the Bank of Thailand regarding the establishment of Thailand's first sovereign wealth fund (SWF), I have listed some of my thoughts on the subject; some things that you need to know. SWFs are state-owned investment funds typically investing in financial assets, property and precious metals. They are different from foreign-exchange reserves held by central banks. SWFs usually invest for the long term, while management of foreign-exchange reserves mostly comprises short-term currency stabilisation and liquidity management..............................................Full Article: Source
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