This happened at a time when war broke out Ukraine To drive up commodity prices and push up inflation, which was already climbing to its highest level in 40 years.
To address these developments, the US Federal Reserve and other major central banks raised interest rates, which led to a massive sell-off in global markets.
Lopez said: "These are accounting losses and some funds’ role as long-term investors won’t be affected, but they give us clarity on exactly where we are.".
Despite all the turmoil, money spent by funds to acquire companies, real estate or infrastructure has increased by 12% compared to 2021.
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The ‘Global SWF’ platform report on state-owned investment vehicles indicated that the value of assets managed by sovereign wealth funds fell to $10.6 trillion, from $11.5 trillion, while the value of assets managed by sovereign wealth funds public pensions fell to $20.8 trillion, compared with $22.1 trillion…
Global SWF’s Diego Lopez said the main driver was “simultaneous and large” corrections of 10% and more in major bond and equity markets, a combination not seen in 50 years.
This happened at a time when war broke out Ukraine To drive up commodity prices and push up inflation, which was already climbing to its highest level in 40 years.
To address these developments, the US Federal Reserve and other major central banks raised interest rates, which led to a massive sell-off in global markets.
“These are accounting losses and some funds’ role as long-term investors won’t be affected, but they make it clear to us exactly where we stand,” Lopez said.
Despite all the turmoil, money spent by funds to acquire companies, real estate or infrastructure has increased by 12% compared to 2021.
