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Sovereign wealth fund PowerPoint Presentation
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Sovereign wealth fund

Sovereign wealth fund

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Sovereign wealth fund

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Presentation Transcript

  1. Sovereign wealth fund • a state-owned investment fund composed of financialassets such as stocks, bonds, property,precious metals, or other financial instruments. • invests globally • funded by foreign exchange assets.

  2. managing between USD 2 and 3 trillion (compared with around USD 6 trillion in traditional foreign exchange reserves) • manage the foreign assets of national states • a signifi cant class of global investors

  3. important market players • a lack of transparency in the majority of SWFs • the seven least transparent SWFs are estimated to account for almost half of all SWFs’ holdings.

  4. countries with relatively lower levels of institutional development • public investment agencies which manage part of the (foreign) assets of national • states

  5. Singapore Government Investment Company(GIC) • Korea Investment Corporation (KIC) • the investment portfolio of the Exchange Fundmanaged by the Hong Kong Monetary Authority • China Investment Corporation (CIC),

  6. CONCERNS • lack of transparency • risks to global financial stability • Distortion in asset prices through non-commercially motivated purchases or sales of securities

  7. Sovereign Wealth Funds and Official Foreign Exchange Reserves (USD billions) Source: European Central Bank

  8. The World’s Largest Sovereign Wealth Funds

  9. SWF’s major cross-border equity investsments

  10. Sovereign Wealth Funds in Comparison