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Brazil’s Foreign Reserves Rise from June to July

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The Banco Central do Brasil increased foreign reserves in July from the previous month. Total foreign exchange reserves for Brazil amounted to US$ 376.2 billion an increase from US$ 373.9 billion in June.

Brazil has large foreign reserves to act as a cushion for certain economic scenarios. Emerging market economies with relatively large international reserves were better suited to handle the negative effects during the global financial crisis. The higher level of foreign reserves has enabled Brazil to intervene in the foreign exchange market to stabilize their currencies in times of need. In addition, the central bank was able to provide foreign exchange swap lines to local corporations during times of economic stress.

International Reserve Management
Banco Central do Brasil manages the international reserves. Most of the international reserves are in fixed income investments, most notably sovereign bonds, government agency bonds, supranational bonds, and fixed-term bank deposits.

December 2010 Asset Allocation of International Reserves

  • 80.2% – Sovereign Bonds
  • 10.2% – Central Bank and Supranational Deposits
  • 5.9% – Government Agency Bonds
  • 1.8% – Supranational Bonds
  • 1.2% – Commercial Bank
  • 0.7% – Other Assets including Gold

Brazil’s Official Reserve Assets in Billions (USD)

Dec 2009 Dec 2010 Dec 2011 June 2012
238.50 288.575 352.012 373.910

Note: Marked-to-market positions since November, 2000.
Source: Banco Central do Brasil

Former FSDEA Chairman Arrested in Angola

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Jose Filomeno de Sousa dos Santos, the son of Angola’s former president and former chairman of the country’s sovereign wealth fund, has been placed under arrest, according to the state prosecutor’s office. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Keppel Land China Acquires Stake in Nanjing Jinsheng Real Estate Development

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On September 20, 2018, Keppel Land China, a subsidiary of Singapore-based Keppel Corporation, purchased a 40% stake in Nanjing Jinsheng Real Estate Development Co, a subsidiary of Gemdale Corporation. Keppel Land China did the deal through an entity called Eternal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Korea NPS Co-Invested in Delaware Basin Assets with Morgan Stanley

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The Delaware Basin is a geologic depositional and structural basin in West Texas and southern New Mexico. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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