SWF assets reach $3.8trn
Released on October 14, the report said global assets under management by SWFs rose 18% during 2007 to $3.3 trillion by year-end. These jumped again to an estimated $3.8 trillion for the first half of this year ending June, and are expected to stand at $5 trillion by 2010.
IFSL attributes the surge in global sovereign wealth assets to official foreign exchange reserve growth in Asian countries such as China, Japan and Singapore. Emerging economies have also played a part, with regions such as the
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