Reports
31 July 2009

FEEM-Monitor SWF Report Q1-2009



Abstract

During the fi rst quarter of 2009, sovereign wealth funds (SWFs) made 26 investments with a total value of $6.8 billion: the lowest expenditure of any quarter since the last of 2005.  This is unsurprising given the current economic and fi nancial climate. Coupled with slowing income from plummeting oil prices and contracting global trade in 2008, the volatile investment climate has made SWFs more risk averse.  Therefore, during Q1 2009 they continued to be cautious actors in the global economy, scaling back their acquisitions to refl ect their perception of increased market risk. This was exacerbated by SWFs suffering mark-to-market losses of an estimated $67 billion on their investments in publicly-listed companies by the end of Q1 2009,1 and some SWFs—notably the Qatar Investment Authority (QIA) and the Kuwait Investment Authority (KIA)— being required to bail out their countries’ faltering fi nancial service sectors.  FEEM and Monitor publish the Q1-2009 SWF Report, analyzing Sovereign Wealth Funds transactions during the Q1 2009.

Download file
Download PDF file

FEEM Update

Subscribe to stay connected.

Your personal data will be processed by Fondazione Eni Enrico Mattei. – data Controller – with the aim of emailing the FEEM newsletter. The use of Your email address is necessary for the implementation of the newsletter service. You are invited to read the Privacy Policy in order to obtain additional information about the protection of Your rights.

This Website uses technical cookies and cookie analytics, as well as “third party” profiling cookies.
If you close this banner or you decide to continue navigating on this Website, you express consent to the use of cookies. If you need additional information or you wish to express selective choices on the use of cookies, please refer to the   Cookie PolicyI agree