Sovereign wealth funds' direct investing focus set to continue
Despite the uncertainty posed to investors globally by the Covid-19 pandemic, 2020 was a record year for direct sovereign wealth fund investments. And more could be on the way.
Sovereign wealth fund investment teams used the volatility surrounding the Covid-19 pandemic to make more direct investments and they could continue this activity through 2021 as government fiscal stimulus is gradually withdrawn, say observers of the state investment agencies.
Publicly disclosed direct investments by sovereign wealth funds (SWFs) reached $65.9 billion in 2020 – almost double the 2019 figure of $35.9 billion. This is the highest amount recorded since $80.3 billion …
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