Tag: Sovereign Wealth Funds
-
Attracting Sovereign Wealth Funds
[Posted by Umakanth Varottil] Although there had been a great amount of discussion a couple of years ago regarding soverign wealth funds (SWFs), both in terms of their investments in the Indian markets and to to whether India should create one for itself, that seemed to have died down. This was largely because SWFs were…
-
Rationalizing the Absence of an Indian SWF
[Posted by Umakanth Varottil] Nearly two years ago, we had debated (here and here) the pros and cons of India’s establishment of a sovereign wealth fund (SWF), when that topic was the flavour of the day. Since then, the global financial crisis and receding stock markets at least partially eclipsed the increasing appeal of SWFs.…
-
SWFs as FIIs; Other Amendments to FII Regulations
[Posted by Umakanth Varottil] SEBI has announced a fairly detailed set of amendments to the SEBI (Foreign Institutional Investors) Regulations, 1995. One of the key amendments relates to the recognition of sovereign wealth funds (SWFs) as a category of investors eligible to invest into the Indian markets as FIIs. This marks a significant move because…
-
SWFs and Capital Flows
[Posted by Umakanth Varottil] The Indian Government’s latest position on sovereign wealth funds (SWFs) can be gathered from a recent speech delivered by the Governor of the Reserve Bank of India, Dr. Y.V. Reddy at a session on ‘The Role of Government-owned Investment Vehicles in Global Capital Flows’ in the International Capital Markets and Emerging…