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SWFs hit $3.5tr in 2007
- Tuesday, April 29 - 2008 at 09:17
Sovereign wealth funds have surged 24% annually over the past three years to hold a total of $3.5tr in 2007, a US economic firm has reported. Global Insight said that projected on that annual growth pace, sovereign wealth funds would surpass the entire current economic output of the US by 2015, and the EU by 2016. Nigeria has grown its sovereign wealth the most rapidly over the last five years, followed by Oman and Kazakhstan. The largest player remains China, followed by Russia and Kuwait.
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Jeff Florian, Senior ReporterTuesday, April 29 - 2008 at 09:17 UAE local time (GMT+4)
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