SWFs increased direct investment to $67.8B in second half of 2009

06/8/2010 | Emirates Business 24/7 (United Arab Emirates)

Direct investment by sovereign-wealth funds reached $67.8 billion in the last six months of 2009, more than twice the $25 billion total for the first half, according to the Sovereign Wealth Fund Institute. Analysts attributed the increase to fluctuation in the price of crude oil and the impact of economic recovery. Middle Eastern funds control nearly 44% of assets held by SWFs.

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Emirates Business 24/7 (United Arab Emirates)

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