Sovereign funds turn to India amid global crises

Tags: Stock Market
In a clear trend that has arisen since the global financial crisis and gathered momentum as a result of the ongoing events in West Asia, some of the biggest sovereign wealth funds have stared looking at India where their wealth could possibly be moved.

Six of the top 10 sovereign wealth funds, each of which manages billions of dollars in investments, are now registered with the Securities & Exchange Board of India (Sebi). Five have entered India since 2008.

Best Invest Corporation, an entity of the sovereign fund, China Investment Corporation, was registered with Sebi in 2010. The fund has assets worth $322.4 billion, according the website sovereignwealthfundsnews.com. Another to have registered with Sebi in 2010 is Oman’s State General Reserve Fund with assets worth $8.2 billion.

In 2008 three sovereign funds had entered India: China SWF National Security Fund (assets worth $130 billion), Ireland’s National Pensions Reserve Fund ($32 billion) and Brunei Investment Agency ($30 billion). It was also the year of cheap stocks in India.

Twelve sovereign funds, including some of the biggest names in the business such as Abu Dhabi Investment Authority, Norges Bank (Norway), China Investment Corporation and Government of Singapore Investment

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi’s new listing norms should protect small investors

    There has been a long-standing debate on what should be the liability of individual promoters and directors in case a company does not meet its obliga

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Rajgopal Nidamboor

The biology behind cultivated wisdom

We are our habits and our behaviour. We are our ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture