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Singapore's Fountain of Wealth

Sovereign Wealth Funds Flexing Economic Muscles 2007 was a sterling year for the growth of Sovereign Wealth Funds (SWF). The year witnessed the collective value of SWFs increase 24%. In aggregate the SWFs hold a total of $3.5 trillion assets under management (AUM) and are growing fast. The source of this wealth is massive surplus trade balances. Blessed by large trade surpluses due to its manufacturing might, China boasts a large and very active SWF. OPEC nations, Russia and other major exporters of natural gas and oil have parlayed the rising price of oil and their ...