Abstract
For the purpose of this chapter we define Sovereign Wealth Funds (SWF) as sovereign investment vehicles (returns enter the governments fiscal budget) with high foreign asset exposure, nonstandard liabilities and long (intergenerational) time horizon.1 In this chapter we focus on SWFs sourced by oil revenue as the currently most important (biggest) fraction of this class of new investors as can be seen from Table 9.1.
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© 2010 Bernd Scherer
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Scherer, B. (2010). Portfolio Choice for Oil Based Sovereign Wealth Funds. In: Berkelaar, A.B., Coche, J., Nyholm, K. (eds) Central Bank Reserves and Sovereign Wealth Management. Palgrave Macmillan, London. https://doi.org/10.1057/9780230250819_9
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DOI: https://doi.org/10.1057/9780230250819_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-36885-3
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