Should India join the sovereign-wealth-fund herd?

Kavaljit Singh 31 October 2011

a

A

New Delhi will soon take a final call on the issue of setting up of a sovereign wealth fund. The idea of setting up an Indian sovereign wealth fund has been going around since 2007 when China established its major sovereign wealth fund, China Investment Corporation (CIC), with an initial capital fund of $200 billion. However, this time the proposal has received strong support from India’s corporate leaders who recently suggested the establishment of a state-owned sovereign wealth fund primarily to secure access to natural resources and pursue strategic investment opportunities overseas.

a

A

Topics:  International finance International trade

Tags:  China, India, sovereign wealth funds

Sovereign wealth funds: government as institutional investor

Josh Lerner interviewed by Romesh Vaitilingam,

Date Published

Fri, 02/12/2010

a

A

See Also

Related information here.

a

A

Topics

Financial markets Institutions and economics
Tags
entrepreneurship, sovereign wealth funds, venture capital

Related Article(s)

With a little help from my (random) friends: success and failure in post-business school entrepreneurship Are sovereign wealth fund investments politically biased?
MP3 File Details

Listen

Unfortunately the file could not be found.

Open in a pop-up window Open in a pop-up window

Download

Download MP3 File (6.5MB)

MP3 File Size

6.5MB

MP3 RSS File Size

6866234

MP3 Length (Minutes)

14

MP3 Length (Seconds)

18

When

January 2010

Where

London

Are sovereign wealth fund investments politically biased? Comparing mutual and sovereign funds

Javier Santiso, Rolando Avendaño 03 February 2010

a

A

Sovereign wealth funds have long provoked controversy (Hillebrand 2008, Truman 2008). The recent debate on sovereign wealth funds culminated with the promulgation of the Santiago Principles on fund transparency, investment orientation, and accountability. According to OECD principles, sovereign wealth funds should be considered on the same basis as other institutional investors and be submitted to investment regulations similar to those of, say, public pensions, mutual, or hedge funds.

a

A

Topics:  International finance Politics and economics

Tags:  sovereign wealth funds, financial regulation, political bias

Sovereign wealth funds and financial stability

Tao Sun, Heiko Hesse 30 March 2009

a

A

Sovereign wealth funds (SWFs) are defined as special-purpose investment funds or arrangements owned by the general government. They are often funded by balance of payments surpluses, official foreign currency operations, proceeds of privatisations, fiscal surpluses, or receipts resulting from commodity exports. Their total assets have been estimated at $2-3 trillion, but many of them have suffered unrealised losses stemming from the ongoing financial crisis.

a

A

Topics:  International finance

Tags:  sovereign wealth funds

Sovereign wealth funds, governance, and reserve accumulation

Joshua Aizenman, Reuven Glick 16 January 2009

a

A

Sovereign wealth funds (SWFs) are saving funds controlled by sovereign governments that hold and manage foreign assets. While not a new phenomenon, the recent activities and projected growth of SWFs have stirred debate about the extent to which their size may allow them to affect financial markets and their policies may be driven by non-economic considerations.

a

A

Topics:  International finance

Tags:  foreign exchange reserves, sovereign wealth funds, governance

A European framework for foreign investment

Nicolas Véron, Lars-Hendrik Röller 06 December 2008

a

A

Europeans have long prided themselves of their ability to remove border signs. For themselves, they have achieved the EU’s own internal market, first for coal and steel and then for all other goods – even though the job remains to be finished on certain services – as well as, increasingly, for labour and capital.

a

A

Topics:  EU policies International finance

Tags:  sovereign wealth funds, protectionism, illiberal countries

Europe doesn’t need sovereign wealth funds

Kavaljit Singh 20 November 2008

a

A

In a hard-hitting speech to the European Parliament in Strasbourg on October 21, French President Nicolas Sarkozy proposed that European countries create sovereign wealth funds to protect national companies from foreign “predators.”

a

A

Topics:  Financial markets

Tags:  EU, sovereign wealth funds

Asian exchange rate asymmetry

Victor Pontines, Ramkishen S. Rajan 19 November 2008

a

A

Following Calvo and Reinhart (2002), it has become commonplace to argue that there is a “fear of floating” among emerging economies in Asia and elsewhere. However, the sustained reserve build-up in emerging Asian economies since 2000 until 2008 (with the onset of the global financial crisis) suggests that they are more sensitive to exchange rate appreciation than depreciation.

a

A

Topics:  Exchange rates Macroeconomic policy

Tags:  sovereign wealth funds, reserves, Asia, fear of floating

Harnessing windfall revenues in developing economies

Rick van der Ploeg, Anthony Venables 02 October 2008

a

A

A temporary windfall of foreign aid or natural resource revenues poses interesting policy challenges. Should the revenues be used for government investment in public infrastructure to stimulate economic activity? Should the government use the windfall income to reduce government debt and thereby lower interest rates and boost private sector investment? Should the extra income be used to provide more education, health care and other public goods to improve the quality of life or transferred directly to citizens through tax cuts?

a

A

Topics:  Development Macroeconomic policy

Tags:  sovereign wealth funds, Windfall revenues

Four myths about sovereign wealth funds

Edwin M. Truman 14 August 2008

a

A

Sovereign wealth fund, a generic description of governmental investment activities, is a term that was coined just three years ago by Andrew Rozanov (2005). I identify sovereign wealth funds (SWFs) as separate pools of government-owned or government-controlled financial assets that include some international assets, which total at least $4 trillion by my latest count. Sovereign wealth funds take many forms and are designed to achieve a variety of economic and financial objectives – from stabilisation to intergenerational wealth transfer.

a

A

Topics:  International finance

Tags:  sovereign wealth funds

Pages

Events