Sovereign fund redemptions from global markets fall 35% yoy in 2017 | ZAWYA MENA Edition:
"Sovereign wealth funds' (SWFs) redemptions from global stock and bond markets fell by about a third year-on-year to $38.1 billion in 2017, preliminary data from research firm eVestment showed on Wednesday. Fourth quarter outflows slowed to $2.5 billion, the lowest level since SWF redemptions from third-party asset managers began in the third quarter of 2014, suggesting the high watermark of selling has passed. The figures from eVestment, which collates data from about 4,400 firms managing money on behalf of institutional investors, are preliminary as fund managers holding about a fifth of the prior quarter's assets have still not reported, but the directional trend is not expected to change, the firm said. "
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