Institutional investors, including sovereign wealth funds, entered the pandemic with high levels of cash, said the report. Consequently, they were ready to support local economies or buy opportunistically in distressed international markets in March 2020.
Sovereign funds made $48.6bn in direct equity investments, more than twice the amount deployed in 2019, while $9.1bn was invested in real estate and $8.2bn in infrastructure, the report said.
Many sovereign funds were required to support domestic businesses in the pandemic s wake in 2020. Examples include Turkey s fund injecting 21bn lira ($2.5bn) into three state banks and Singapore s Temasek Holdings supporting a $1.5bn rights issue by Sembcorp Marine.
主权财富基金去年的直接投资规模几乎翻倍至659亿美元--IFSWF报告 reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Sovereign wealth funds doubled direct investments to $65.9b in 2020
Signage for Temasek Holdings Pte is displayed in the lobby at the company s headquarters in Singapore. Photographer: Bryan van der Beek/Bloomberg
May 11, 2021
Sovereign wealth funds’ direct investments almost doubled in 2020 to $65.9 billion, with a significant portion of that amount invested at home as funds sought to soften the hit to their economies from the COVID-19 crisis, according to a report published Tuesday.
For the first time, savings funds invested less than sovereign development funds and hybrid funds, according to the report from the International Forum of Sovereign Wealth Funds (IFSWF), based on publicly-disclosed direct investments.
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LONDON, May 11 (Reuters) - Sovereign wealth funds’ direct investments almost doubled in 2020 to $65.9 billion, with a significant portion of that amount invested at home as funds sought to soften the hit to their economies from the COVID-19 crisis, according to a report published Tuesday.
For the first time, savings funds invested less than sovereign development funds and hybrid funds, according to the report from the International Forum of Sovereign Wealth Funds (IFSWF), based on publicly-disclosed direct investments.
Savings funds usually have a remit to deliver long-term financial returns by investing in markets, while development funds are focused more on helping develop their local economies, and hybrid funds have more than one mandate.