25.06.2012 - Sovereign wealth fund investments rose 42pct in 2011
Sovereign wealth funds made 237 direct investments, valued at $80.9 billion, last year, the Financial Times reported, citing data collected by the Sovereign Investment Lab at Bocconi University in Milan. A significant part of the investing was by funds in developing countries into developed markets. Much of the money was put into companies with strong involvement in emerging economies -- LVMH Moet Hennessy Louis Vuitton SA (MC) in China and Iberdrola SA (IBE) in Latin America, for example -- while little was invested in European manufacturing, suggesting a lack of confidence in the continent’s economy, the newspaper said...............................................Full Article: Source
Print