GLOBAL - Assets under management of sovereign wealth funds (SWFs) fell by 3% in 2009 to around US$3.8trn but funds are looking to place a greater number of those assets outside their home country, a report by International Financial Services London (IFSL) revealed.
Assets are expected to rise to $5.5trn by the end of 2012, IFSL said. The trade body said SWFs increasingly eyed foreign markets in 2009, following a "retreat towards domestic markets in the sec...
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