ARTICOLI
12 September 2010

SWFs eye domestic advantages


Source: Financial Times

Authors: Sophia Grene

Abstract

“From an international perspective, SWFs help stabilise global financial markets and from a domestic point of view co-ordinate macroeconomic policy,” according to the Monitor/FEEM report. “The latter probably remains the dominant driver of their own choices.” [...]

The need to support the domestic economy has become a significant policy driver for SWFs, according to the Monitor/FEEM report.
“As their domestic markets were hit by the effects of the global recession, SWFs inevitably became more active at home in providing financial support – patriotism proved far more important than presence in foreign markets,” said Vanessa Rossi of Chatham House in an article for the Monitor/FEEM report.

*Back on Course: Sovereign Wealth Fund Activity in 2009

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Read the article on FT.com - Financial Times

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