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Sovereign Wealth Funds Briefing - Categorized | Market, Research

The sovereign wealth fund

Posted on 21 September 2016

The sovereign wealth funds are the national investments many countries have made for their future generations. Some of these funds are huge, as seen by the figures presented in the next paragraph. The sovereign wealth funds have huge clout internationally – whether economic or geopolitical. Collectively or singularly, they can move markets, destabilise currencies or change governments.
The petrodollar wealth funds emerged in the 1970s, when the oil producing economies had surplus funds which they did not know where to park. Henry Kissinger was the brain behind the petrodollar sovereign wealth funds. As America’s chief strategist, he wanted to ensure that the surplus funds of the oil producing economies were invested in dollars – hence petrodollars………………………………………Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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