Sovereign wealth funds (SWFs) are shifting their focus to Asia, according to a report by U.S. research and consultancy firm Monitor Group, Citywire reports. SWFs that were earlier investing heavily in Europe are now investing in Asian countries such as China, India, Indonesia, Malaysia and Singapore. The report assessed the investment behavior of 30 SWFs, including Norway’s $560 billion Norway Government Pension Global, the $342 billion Abu Dhabi Investment Authority and the $332 billion China Investment Corporation. The funds started directing their investments from Europe to Asia in 2010 due to the global financial crisis. They are mainly investing in the energy, commodities and industrial sectors.

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