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The New Financial Heavyweights

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Sovereign funds should reach $8 trillion by 2011. China Investment Corporation has $200 billion. Much larger are Singapore $438 billion and Norway $367 billion, Abu Dhabi $875 billion, Australia has $50 billion and Alaska has $40 billion. And they are in a majority of the cases professionally run, can stabilize markets because they invest in the long term, often as in Norway's case push for better corporate governance, and invest in emerging markets. It could affect the dollar as their holdings of a declining currency may decrease and as they show preference for emerging markets.

Sovereign wealth funds of countries and financial markets

11/12/2007

Grouped Articles

The New Financial Heavyweights

BusinessWeek 11/12/2007

Lobbyists Smoothed the Way For a Spate of Foreign Deals

Wall Street Journal 01/25/2008

The Cool Hand Steering Norway's Billions

BusinessWeek 05/05/2011


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