SOVEREIGN WEALTH FUNDS: INVESTMENT OBJECTIVES AND ASSET ALLOCATION STRATEGIES

Journal of Governance and Regulation

Daniil Wagner¹ 

关键词: Sovereign Wealth Funds;    Investment Strategies;    Economic Transformation;    Political Objectives;    Asset Allocation;    Financial Crisis;   

DOI  :  10.22495/jgr_v3_i2_p4

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

Sovereign Wealth Funds (SWFs) have steadily increased their importance in the global financial system in the last decade and especially during the financial crisis period. Although the objectives and investment strategies of SWFs are quite diverse, I propose to sort them into three main groups, depending on their sponsor countries’ endowment with resources and investment objectives. I present case studies and empirical analyses that reflect SWF investment activities and try to elaborate on the special role of each SWF group. Special emphasis is given to the recent financial crisis, where SWFs also acted as bailout investors by injecting substantial capital into global financial institutions, filling a financing gap that other institutional investors could not close.

【 授权许可】

CC BY-NC