Short and sweet today. Barron's had a write up on something I mentioned the other day that came from FT Alphaville about Sovereign Wealth Funds.
Some numbers from Barron's;
UAE $875 billion (I can't believe the number is so big)
Singapore (GIC) $330 billion
Norway $312 billion
China $300 billion
Saudi Arabia $300 billion
Singapore (Temasek Holding) $100 billion
Kuwait $70 billion
Australia $40 billion
Alaska (pictured here) $35 billion
Russia $32 billion
This represents a lot of capital, that is still growing, that has been deployed and will be deployed in the future. Keep in mind these numbers are not the treasuries of these countries but money set aside for investment.
5 comments:
the UAE is made up of 7 smaller city-states. They are competing to out-do each other, especially Abu Dhabi and Dubai. 25% of the world's large construction Crane's are currently operating in Dubai. The scale of construction over there is beyond mind boggling...
any how, the Arab "investment pools" are not focused on the US markets any more due to recent protectionism and feelings about the war.
This partially explains why such huge investments are pouring into Europe and south-east Asia at unprecedented rates and why more than half the S&P 500 companies are now earning most of their income from overseas.
More of a reason to own a globally diversified portfolio.
The Australian Future Fund is receiving the government surpluses (as there is not enough government debt to pay down) + the government put the remaining shares in Telstra which haven't been sold to the public in the fund. The aim is to fund pensions for government employees which up till now have just been funded from current taxes. So if they had always contributed to a pension fund for them there wouldn't be this fund. Not much different really from a regular pension fund.
Roger,
Are you accepting individual clients for portfolio management via YSF
Jim
the easiest way to explore this type of interest is to click here to contact the firm.
thank you
Barrons got the Alaska Permanent Fund wrong. It has over $39 billion. The website is www.apfc.org It is totally transparent. It is an interesting read. MDG - Anchorage, Alaska
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