Gulf Sovereign Funds Had Redeemed Some Big Passive Equity Mandates
Gulf-based sovereign wealth funds and other monetary institutions, which are significantly impacted by the price of oil, continued redemptions in passive equity mandates. From March 2016 to June 2016, State Street Global Advisors witnessed US$ 35 billion of outflows by official institutions. The outflows reflected the current economic reality in the Gulf and need for liquidity. These were mostly oil-based sovereign funds that had passive listed equity mandates in separate accounts. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute