Economy
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SWFs Aren't Going Anywhere
July 2008 | Closing BellSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Foreign investors are at the gates! This week CFW saw one of the biggest companies in the world (General Electric) and a US financial giant (Citigroup) kick off plans to divest up to US$100bn and US$500bn of foreign assets respectively. Perhaps inevitably, the credit-crunch has started a massive re-distribution of corporate assets, as sovereign wealth funds (SWFs) and foreign institutional investors snap up stakes at what would previously have been bargain prices.