Sovereign wealth funds move mainstream, make less contrarian bets
Share:
LONDON (Reuters) - Sovereign wealth funds' investment moves are becoming more closely aligned with the global asset management industry as they mature, and their growing size makes it harder for them to make contrarian bets, a report showed.But the move to more mainstream investment allocations could raise doubts about their ability to step in and help support the global economy in the event of a downturn.Sovereign wealth funds for a long time stood out as contrarian. Several stepped in and..