Wednesday, Feb 10, 2010
Sitting on up to $4 trillion in assets, much of it from selling oil and other raw materials
Reuters: Sovereign wealth eyes move into commodities, oil
Most SWFs have so far been conservative in their investment choices, holding dollars, treasuries and shares in large U.S. and European companies. But they have been badly burned by the global financial and economic turmoil over the last 18 months and are now looking at new strategies to protect their interests, analysts say. As these funds switch into commodities and oil those markets will be supported by the sheer weight of their purchases.
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