The GCC's sovereign wealth funds (SWFs) hold more than one-third of the assets held by SWFs globally, research reveals.
According to data compiled by the SWF Institute, the world's largest SWFs hold $3.76 trillion (Dh13.81trn)?in assets under management (AUM), of which the GCC's SWFs account for $1.47trn, or 39 per cent.
According to analysts, the fact that SWFs from the GCC have been actively supporting the bailouts and stimulus activities of some of the western companies is a significant development, something that is bound to put them in positive light.
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