Sovereign Wealth Fund

Filling the gap in ESG framework: Saudi Arabia

Saudi Arabia's sovereign wealth fund has asked banks to help it develop an environmental, social and governance (ESG) framework, as per a recent article in Reuters. According to the article, development of ESG framework was likely a precursor for a multibillion dollar bond sale, which would be the Saudi wealth fund's first. ESG has been one of the hottest topics in the world of finance. There is ample demand from investors for ESG compliant instruments but due to lack of...

GCC SWFs Asset Allocation Strategies

The GCC SWFs are bestowed with the responsibility to preserve and grow the national wealth for the future generations and simultaneously, facilitate social development, economic diversification and enhancement of the domestic infrastructure. Based on these objectives the SWFs have been successful in devising and executing their investment strategy in the past. However, over the last few years, the regional SWFs have been operating under several challenges such as low interest rates, new normal oil prices, geopolitical shocks and beginning of...