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sovereign wealth funds

Sovereign wealth funds pull $16.3 billion from market strategies in Q4

Sovereign wealth funds pull $16.3 billion from market strategies in Q4

  • Net outflows from equity strategies managed by third-party fund managers reached $18.5 billion in the final three months of 2020, eVestment data showed.
  • Across all asset classes, net outflows from long-only managers handling sovereign wealth investments were $16.3 billion, the largest amount since the first quarter of 2017, the data showed.
Published 23 Feb, 2021 05:11pm
Oman, Saudi Arabia exposed to declining uplift from wealth funds: Moody's
Business & Finance

Oman, Saudi Arabia exposed to declining uplift from wealth funds: Moody's

  • The ratings agency expects oil prices to remain below their trajectory prior to the COVID-19 pandemic as a result of lower demand in sectors like aviation, resulting in higher deficits among Gulf states.
  • Under most plausible scenarios, the level of SWF coverage of government debt stocks will fall significantly for Saudi Arabia and Oman, weakening their fiscal strength over the medium term.
Published 10 Feb, 2021 07:35pm