“As a group, sovereign funds have doubled their participation in local economies since 2015, according to The International Forum of Sovereign Wealth Funds. The pandemic will accelerate this trend, especially as funds have more cash on hand: 31% revealed plans for an overweight cash position in the next 12 months, the SWFI’s March 2020 survey shows.”
-Una Galani writing for Reuters examines sovereign wealth funds globally and how many of them are bolstering local economies during the fallout from the Covid-19 pandemic. [Reuters]
