Portfolio Choice for Oil Based Sovereign Wealth Funds

Bernd Scherer

Chapter 9 in Central Bank Reserves and Sovereign Wealth Management, 2010, pp 231-246 from Palgrave Macmillan

Abstract: 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.

Keywords: Hedge Fund; Risky Asset; Asset Allocation; Portfolio Choice; Financial Wealth (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230250819_9

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