Tuesday 17 February 2009

Sovereign wealth funds set to revive investing

Sovereign wealth funds plan to resume investing in assets around the world this year, with a focus on strong dividend yields, according to a survey.

Many of the funds, the most powerful of which are based in Asia and the Middle East, have stopped investing in the wake of the global economic downturn, which has slashed the value of their portfolios.

Some funds admitted that, after political pressure, they had been diverting cash inflows from their global portfolios to invest in their home regions in order to stimulate local markets.

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