The Outperformance Of Asian Sovereign Wealth Funds

Dubai Sovereign Wealth Fund (SWF) Istithmar World, whose parent is Dubai World, is halting investments as part of a restructuring effort. There has even been speculation that it may be the first SWF to liquidate, prompting many observers to question the outlook of other SWFs. But Dubai SWFs are a category of their own, as they are especially leveraged. RGE Monitor estimates that the combined external assets of the major SWFs stood at US$1.5tn as of June 2009, down from their mid-2008 peak of US$1.8tn. Still, this is above the lows of late 2008.

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