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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies, Trends

How Oil Is Burning a Hole in Asia

Posted on 01 March 2016

As the price of oil drops, so do the foreign-exchange reserves of those nation’s central banks. That’s an indication that sovereign wealth funds built with petrodollars aren’t investing much lately. In fact, they’re selling. Such sovereign wealth funds are, naturally, key buyers of sukuk, or Islamic bonds.
After decades of buying, sovereign wealth funds globally hold more than $3 trillion of stocks. According to a report released earlier this month by the Las Vegas-based Sovereign Wealth Fund Institute, some $404.3 billion of that may be withdrawn this year if crude stays between $30 to $40 a barrel………………………………………..Full Article: Source


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