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Sovereign Wealth Funds Briefing 11.Apr 2011

Posted on 11 April 2011 by VRS |  Email |Print

Australia’s policy makers are faced with the enviable conundrum of what to do with the wealth generated from the nation’s mining boom at a time when other industrialized nations are still tightening their belts in response to the global financial crisis.
A growing number of economists argue that with the country heading for a budget surplus, the time is right to create a sovereign-wealth fund, or SWF……………………………………….Full Article: Source

Posted on 11 April 2011 by VRS |  Email |Print

Malcolm Turnbull’s flirtation with the idea of a sovereign wealth fund might mean the current commodity boom - the most sustained of this magnitude in our history - isn’t the fiscal equivalent of the one that got away.
Three key points have been absent from our embryonic discussion. Addressing these could mean the difference between a short and flashy fling with our commodity wealth or a prosperous, healthy and sustainable long-term relationship……………………………………….Full Article: Source

Posted on 11 April 2011 by VRS |  Email |Print

The Kuwait Investment Authority (KIA), the Gulf state’s sovereign wealth fund, is setting up a company with US$1 billion in capital to invest in Egypt’s stock market.
The decision was reached during the visit of a Kuwaiti business delgation to the Egyptian capital last week, according to Kuwaiti daily newspaper Al-Rai, citing Ali Al-Ghanim, chairman of Kuwait’s Chamber of Commerce and Industry……………………………………….Full Article: Source

Posted on 11 April 2011 by VRS |  Email |Print

Norway says it wants to shift some investments of its $560 billion sovereign wealth fund from Europe to emerging economies in Asia and South America.
Finance Minister Sigbjoern Johnsen said Friday that more than half of the Government Pension Fund Global’s investments are currently in Europe……………………………………….Full Article: Source

Posted on 11 April 2011 by VRS |  Email |Print

Norway’s Finance Ministry has said that its sovereign wealth fund — the Government Pension Fund Global (GPFG) — should gradually lower its exposure to European markets while upping its allocation to emerging markets.
In an annual report on the management of Norway’s sovereign wealth fund presented to the Norwegian Parliament, the government stated: “The global production capacity and financial markets are increasingly located in other parts of the world, also in emerging markets. Over time, the relative allocation to Europe should therefore be reduced, and allocations to the rest of the world similarly increased.”………………………………………Full Article: Source

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