How Big Could Sovereign Wealth Funds Be by 2015?
June 22, 2007
Answer: US$12 trillion.
I’ve long stressed the importance of sovereign wealth funds (SWFs), and underscored that they are already quite large. I believe that SWFs will become absolutely massive in size in the not-too distant future, and will have powerful implications for the financial markets, as I have discussed in the past. I am increasingly concerned about financial globalization, as a reaction to the emergence of these funds.
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