Global sovereign fund assets stall at US$6.59 trillion

London

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.