Global sovereign fund assets stall at US$6.59 trillion
Levelling off is due to weak markets, low oil prices and shifts in government policy
Add BT as a preferred sourceLondon
SOVEREIGN wealth fund (SWF) assets all but stalled at US$6.59 trillion in the year to March 2017 due to a combination of weak markets, low oil prices and shifts in government policy, a report from research provider Preqin showed.
Total assets under management have levelled off in the last two years, with growth of just 3 per cent in 2015 and one per cent in 2016, when assets stood at US$6.51 trillion.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Singapore should anchor hedge fund leaders, nurture local managers amid regional talent war: observers
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
