A study by Invesco Asset Management has revealed the complex investment behavior of sovereign wealth funds (SWFs) in the Gulf Cooperation Council (GCC) region, AME Info reports. The Invesco Middle East Asset Management Study has also provided a new framework, Invesco Sovereign Wealth Fund Model, which shows that no two SWFs are the same as they are governed by different objectives and environmental factors.
SWFs in the GCC account for $1 trillion or 44% of global SWF flows. As per the analysis, SWFs invest about 88% of assets internationally to diversify and preserve wealth for future generations. SWFs allocate about 6% of assets to local development projects and investments and 5% to drive foreign or local policy outcomes.
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