State Street Corporation recently released a ‘ Vision Report’ on sovereign wealth funds (SWFs). The latest report assesses the impact of SWFs on the global economy. With nearly US$3 trillion in aggregate financial resources and a rapid growth trajectory, SWFs are increasingly important cross-border investors. Here, GEORGE HOGUET, a senior portfolio manager and global investment strategist specialising in emerging markets at State Street Global Advisors (SSgA), writes about the impact of sovereign wealth funds on world equity, fixed income and currency markets.

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