Business · Markets · 1 day ago

Sovereign wealth fund assets have grown to $16 trillion

Sovereign wealth fund assets have grown to $16 trillion

Sovereign wealth funds are pools of money owned by governments.

They now manage $16 trillion, more than five times the amount they managed in 2008.

By investing around the world, governments can increase their influence in the global economy.

Most of these funds are in the Middle East and Asia-Pacific, or in Europe.

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