Sovereign Wealth Funds in East Asia
Sovereign Wealth Funds (SWFs) have been in existence for many decades worldwide, however most SWFs in the East Asia and Pacific Region (EAP) are relatively new. The emergence of the SWFs in Asia is largely a by-product of the strong economic devel...
| Main Authors: | , , , , |
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/09/20467317/sovereign-wealth-funds-east-asia-policy-note http://hdl.handle.net/10986/21102 |
| Summary: | Sovereign Wealth Funds (SWFs) have been
in existence for many decades worldwide, however most SWFs
in the East Asia and Pacific Region (EAP) are relatively
new. The emergence of the SWFs in Asia is largely a
by-product of the strong economic development at East Asian
countries in the last two decades and the attendant
accumulation of foreign exchange reserves. However, there
are other types of SWFs in the region as well. The EAP
region is an ideal region to take a look at the issues
surrounding SWFs since Asia has the full range of funds
from long-established funds to brand new funds; from passive
portfolio investors to more aggressive strategic investors;
from resource-backed funds to foreign reserve-backed funds;
and, based in the largest, most highly developed economies
to the smallest, poorest economies in Asia. Therefore, the
objective of this report is to document the status of
Sovereign Wealth Funds in the East Asia Region and to
understand their governance structures. The report will also
investigate how lack of standardized, long-term financial
instruments devoted to emerging markets leads funds to leak
out of the EAP region, an area with significant investment
needs. It presents facts from publicly available sources on
their size, institutional structure, and investment operations. |
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