| Australia's Treasury chief has urged caution on the increasingly popular concept of a national sovereign wealth fund, questioning whether it would be the best way to achieve its mooted aims.
Martin Parkinson, the secretary to the Treasury, said that although there were ''well-motivated intentions'' in the growing calls for Australia to follow countries such as Chile and Norway by channelling mining wealth into a sovereign fund, more clarity was needed on the exact aim of such a fund...............................................Full Article: Source
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