Shares sell-off by sovereign wealth funds hurting markets - BBC News:
"When the price of crude was riding high at about $120 a barrel, oil-rich countries seemed to have plenty of cash to go around.
Money was invested in shares and other assets around the world, not just by individuals, but by the sovereign wealth funds (SWFs).
But with the oil price sinking to around a 12-year low, there are signs that SWFs are having to dump assets to raise money. And that is exacerbating the turmoil on world markets."
'via Blog this'
No comments:
Post a Comment