Sovereign wealth funds' assets grew by USD500-billion in 2011 to reach USD4.6 trillion, according to the latest Preqin Sovereign Wealth Fund report.
"Despite widespread economic uncertainty regarding the sovereign debt crisis, volatility in many world financial markets and underperformance of certain asset classes, sovereign wealth fund aggregate assets have jumped by over half a trillion dollars across 2011-2012," wrote Preqin's Louise Weller and Alex Jones in a report.
More than half of SWFs have also shown a strong penchant for investments in private equity.
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