“THE PROGRESSIVE FOREIGN EXPERIMENTS IN THE ACTIVITY OF SOVEREIGN WEALTH FUNDS”

Developing Asia’s Sovereign Wealth Funds and Outward Foreign Direct Investment

Sovereign wealth funds (SWFs) have emerged in developing Asia as a policy response to an unprecedented accumulation of foreign exchange (FX) reserves since 2000. At the same time, developing countries have become an increasingly important source of outward foreign direct investment (FDI). The central objective of this paper is to evaluate the prospects for SWFs to serve as a major conduit for t...

The Investment Strategies of Sovereign Wealth Funds

This paper examines the direct private equity investment strategies across sovereign wealth funds and their relationship to the funds’ organizational structures. SWFs seem to engage in a form of trend chasing, since they are more likely to invest at home when domestic equity prices are higher, and invest abroad when foreign prices are higher. Funds see the industry P/E ratios of their home inve...

The Investment Strategies of Sovereign Wealth Funds

Sovereign wealth funds in the mutation of global finance

Sovereign wealth funds (SWFs) started making the headlines in the midst of the global financial crisis. They were welcomed neither by academics nor by politicians of Western countries. In a flurry of 2008 papers SWF were peremptorily told what they should and shouldn’t do. The reasoning underlying the prescriptive norms was flawed in two respects. First it simply equated SWFs to other instituti...

Investment Analysis of Sovereign Wealth Funds in the world

SWFs play an important role in global financial market. With more active investment, increasingly optimized portfolio and stronger endurance to risk, SWFs are growing fast both by scale and by quantity. In this essay, the status quo of SWFs is discussed at first, and investment strategies are analyzed thereafter. After presenting global investment routes of SWFs, this article finally ends in su...