Sovereign Wealth Funds React to Trump Victory

In an event that echoes the feeling of the Brexit vote, Donald Trump has won the U.S. election for president. Do political-influenced stock markets have short legs?

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A number of messages were telegraphed to media from asset owners globally following the conclusion of the U.S. presidential election. In the run up to the election, sovereign wealth funds, such as GIC Private Limited, Korea Investment Corporation (KIC) and Qatar Investment Authority (QIA), continued investing in a wide range of assets from infrastructure to office properties in core cities. By analyzing the after effects of the Brexit vote, SWFI research believes wealth funds will continue to invest in the United States, but may alter what sectors or asset classes they choose to invest into.

Norges Bank Governor Øystein Olsen said in a Reuters news interview, “No, we don’t make that sort of connection. The oil fund is a long-term investor. Our perspective goes beyond eight years and we don’t have any particular view on how the outcome of the presidential election impacts the economy.”

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