Financial Times FT.com

Davos 2008

SWFs prove not to be so big, bad or secretive

By Sophia Grene

Published: October 11 2009 10:37 | Last updated: October 11 2009 10:37

Sovereign wealth funds may not be the big bad wolves they are often assumed to be.

SWFs are government-owned funds investing in domestic and international markets. Many of them are investing the money from selling natural resources such as oil in order to provide a stable source of wealth for future generations, while others manage their government reserves.

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