Financial Times FT.com

Investment banking

Sovereign funds upbeat on growth of financials

By Peter Thal Larsen in London and David Wighton in New York

Published: November 27 2007 22:04 | Last updated: November 28 2007 00:10

Investment funds from the Middle East and Asia have invested an estimated $37bn in shares of western financial companies this year in a sign the funds are taking a more optimistic view than other investors of the growth prospects for banks, exchanges and asset managers

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