More reserves should flow into SWFs, says State Street
Sovereign wealth funds shifted towards more passive strategies and increased equity exposures last year, according to a recent survey. But there is potentially a lot more for them to invest.
In line with what one might expect, sovereign wealth funds (SWFs) saw substantial asset growth during 2009, according to a non-scientific poll by US asset manager State Street Global Advisors (SSgA).
The survey polled 12 sovereign wealth funds -- six in Asia-Pacific and six in the Europe, Middle East and Africa (EMEA) region. The Asia-Pacific entities' assets under management had risen 40% by September 2009, from $10.6 billion to $14.9 billion, while the EMEA funds' AUM had grown by…
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