| Sovereign wealth fund (SWF) assets increased by $200 billion in the year to March 2016 and now stand at $6.51 trillion despite recent market volatility and low oil prices, data from research provider Preqin showed on Tuesday.
That represents a yearly growth rate of about 3 percent, compared with rates of 16-17 percent in previous years. But SWFs now hold more than double the assets seen in 2009 when the aggregate AUM totalled $3.22 trillion. The growth was driven by non-commodity funds, which added some $290 billion in assets, whilst SWFs reliant on windfall revenues from oil and gas lost $10 billion, Preqin said...............................................Full Article: Source
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