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Assets of sovereign wealth funds up 11%
30 March 2011
Assets of sovereign wealth funds (SWFs) increased 11% in 2010 to record levels, according to TheCityUK
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TheCityUK
Assets under management of sovereign wealth funds (SWFs) increased 11% in 2010 to a record $4.2 trillion, according to a TheCityUK report.
There was an additional $6.8 trillion held in other sovereign investment vehicles, such as pension reserve funds, development funds and state-owned corporations’ funds and $7.7 trillion in other official foreign exchange reserves.
TheCityUK estimates that SWFs’ assets could reach $5.5 trillion by 2012 as the global economy...
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