Africa’s sovereign wealth funds demonstrate a growing sophistication as they seek to conform to international governance practices and pledge to boost co-operation and co-investment across the continent and around the world.
State Street Corporation and the International Forum of Sovereign Wealth Funds have released a report detailing the shift away from risky assets by large institutional investors.
Date
01/04/2021
State Street Corporation (NYSE: STT) and the International Forum of Sovereign Wealth Funds (IFSWF), a global network of sovereign wealth funds from nearly 40 countries, today released new research
[1] on how sovereign wealth funds and institutional investors performed in their allocation throughout the COVID-19 pandemic.
Drawing on State Street’s extensive dataset of unique indicators[2], and interviews with seven of IFSWF’s largest members, the research reveals that many sovereign wealth funds and institutional investors have gradually deployed some of their accumulated cash and reduced fixed income positions to add exposure to risk assets, while financial markets rebounded during the pandemic. Institutional risk sentiment across asset classes has also broadly improved during the period up to March 2021, particularly for foreign exchange, commodity-sensitive assets and equity reallocation decisions.
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Providing a helpful overview on the rapidly shifting carbon and sustainability landscape for institutional investors, and how they can accelerate innovation
Today, the International Forum of Sovereign Wealth Funds (IFSWF), a global network of almost 40 sovereign wealth funds, in partnership with the IE University s Center for the Governance of Change, a global research center on SWFs, host a seminar on the rapidly changing landscape around climate change, the impact institutional investors are having to navigate and drive this change forward, and next steps for investors. The event follows last month s release of the first comprehensive survey of sovereign wealth funds attitudes to climate change, conducted by IFSWF and the One Planet Sovereign Wealth Funds (OPSWF), as well as IE University s annual Sovereign Wealth Funds Report publication, in partnership with ICEX-Invest in Spain.