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Financial Advisor to the Prime Minister Dr

  

 money and business


Economy News _ Baghdad

The Financial Advisor to the Prime Minister confirmed the appearance of Mohammed Salih on Sunday that the sovereign wealth fund will be launched next year after the implementation of the law of the National Oil Company, noting that the fund will be used for development purposes directly.

Saleh said in an interview with "Economy News" that "most countries that achieve surplus balance of payments due to the export of natural resources are working to establish a sovereign fund," noting that "the Fund is used to diversify and absorb financial returns over time and for development purposes and reduce the unemployment rate and end the crisis Living ".

He noted that "the sovereign wealth fund will see the light after the implementation of the law of the National Oil Company during the next year."

He added that "the fund's resources will be diversified among stocks, bonds, real estate and others," adding that "the sovereign fund will be linked to the government in general, and the Supreme Finance Committee to take over under the supervision and control of the Office of Financial Supervision and the Finance Committee in the House of Representatives." 

He noted that "there are more than 90 sovereign funds around the world at present, with a financial balance of 20 trillion dollars."

Saleh stressed the need to invest the funds of the Fund to run government companies that have been stalled since 2003 to take advantage of their revenues to rotate the Iraqi economy.

While the economist Abdul Jalil al-Rubaie, earlier through "Economy News", called on the government to establish a "generation fund" of the surplus of previous and subsequent budgets to address the economic and political crises in the country.

"The fund is implemented globally by Arab and foreign countries and the funds are allocated from the surplus of previous budgets to cope with economic crises," Rubaie said.

MP Majida al-Tamimi, revealed earlier, the total actual oil revenues achieved during the year 2018 for the period from January to the end of September, which amounted to (60.436) trillion dinars.


Views 100   Date Added 10/14/2018

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31 minutes ago, FROSTYJACK said:

 To be part of a world recognized Fund. You would have to be using world recognize currency. 😎

Indeed ...... we would think as much. However, this being Iraq, perhaps they’ve found a way around this and have “ RE-written “ the rules-I put nothing past these people after 15 yrs. of their “ peculiarities “ 

 

Now I’m gonna be on pins & needles waiting for “ next year “ - NOT ! 

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Infograf, the top 20 sovereign funds around the world

Infograf, the top 20 sovereign funds around the world
The Norwegian government contracting fund as the largest sovereign fund in the world with assets estimated at 1.058 trillion dollars
 23 October 2018 10:52 p

Prepared by: Maher Al Raei 
Design by: Ahmed Abdel Moneim

Abu Dhabi - The Sovereign Wealth Fund Institute (Sovereign Wealth Fund), a specialist in the study of government investments and sovereign funds, has listed in its latest report this month the Norwegian government contract fund as the world's largest sovereign fund with assets estimated at $ 1.058 trillion.

China Investment Company came second with $ 941.4 billion and Abu Dhabi Investment Authority ranked third with $ 683 billion, followed by Kuwait Investment Authority (KIA) with total assets of $ 592 billion.

SAMA, Saudi Arabia's sovereign wealth fund, ranked sixth at $ 515.6 billion.

ClientServiceProvider?RT=62&FILEID=20891

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How has the largest sovereign fund achieved a profit of $ 21 billion in 3 months?

How has the largest sovereign fund achieved a profit of $ 21 billion in 3 months?

 29 October 2018 09:39 PM
Of the forbidden copper

The largest sovereign wealth fund in the world, Norway, continued its growth in the third quarter of this year with revenues of 174 billion kronor ($ 21 billion).

According to data released by the Norwegian Wealth Fund, on Friday, between July and September of this year saw a total of 2.1%.

Thus, the total value of the Fund increased by 8.47 trillion kronor, which is the value divided by fixed income and unlisted real estate.

As of the end of the third quarter of 2018, equities accounted for 67.6% of the fund's investments(3.1% in the third quarter). Fixed income came second with 29.7% (0.3%) and real estate (2.7% 1.9%).

In terms of the value of these investments in the local currency of Norway, the value of equity investments amounted to 5.7 trillion crowns by the end of the last fiscal quarter, real estate 226 billion crowns, and fixed income 2.5 trillion crowns.

 

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World's largest sovereign fund reinstates controversy over "active and passive investment"

World's largest sovereign fund reinstates controversy over "active and passive investment"

15 November 2018 09:27 PM
Editing: Sally Ismail

Direct: Norway's sovereign wealth fund suffers from what is known as the "world's first problem" - whether to make its investment portfolio less diversified.

The fund's $ 1 trillion problem could be truncated at the heart of the debate over active investment versus passive investment, according to an analysis published by Bloomberg View.

Norway's sovereign wealth fund posted $ 21 billion in revenue in the third quarter, thanks to global equity gains.

As part of a long-term review that will raise the fund's equity allocation to 70%, the Norwegian government has appointed a committee of outside experts to advise on how to invest the bond share.

This is a surprisingly controversial issue. In September last year, IMF managers suggested limiting the scope of its debt investments as the fund invests adequately in currency, emerging market and corporate risk in the much larger equity portfolio.

As such, fund managers argued that bonds should not carry the same type of exposure, which is often much less liquid.

While the Committee of Experts expressed a divergent view, saying that the current large-scale investment in 23 currencies and the widespread exposure to corporate credit helps to minimize risk and maximize investment capacity.

According to the Committee's discussions, this investment performance simulates the normative approach in the world of fixed-income world.

In fact, members of the Commission say that it is not humanly possible to make decisions to determine sector quotas correctly and consistently so it is better to adhere to herd policy.

The debate is astonishing as it is about what the fixed income investment fund should be, and what makes it even more important is that we are talking about the world's largest sovereign wealth fund.

To what extent do you want to shackle the hands of fund managers ?, especially if they are willing to work in accordance with their own opinion and strategy.

The steady rise in US interest rates and the simultaneous reduction of the Federal Reserve balance sheet are already troubling to emerging markets, with unrest in Argentina and Turkey clearly showing.

Meanwhile, recovery from the decade-long financial crisis may be coming to an end, and any economic contraction would certainly increase the difference between corporate bond yields and government bonds.

Instead of a global scale, which should include corporate bonds, unsolicited emerging markets or scrap bonds, the fund will stick heavily to government debt due in 10 years, dollars, euros and pounds sterling.

To increase this, IFAD needs the flexibility to make strategic investments when it finds opportunities in the bond market and adopt systematic strategies for extraordinary risks.

But this is not the kind of effective management that external experts say is appropriate. Keeping an index should remain a top priority, even if it increases the risk of currency and companies.

It is hard to feel fully confident with this approach. Liquidity is always the most valued when it wears off. Deceptive follow-up is not always a good thing when there are things that can not be avoided, especially in an environment of higher interest rates.

It is logical to reduce the exposure to bonds when yields are limited and when there is already exposure to the same risks in the larger equity portfolio where the upside is theoretically larger.

Of course, the yield of a multi-currency bond fund comes more from exposure to the currency rather than bond yield, but as the quantitative easing program and the turbulence of emerging markets approach, it is no longer as guaranteed as in the past.

When your fund proposes to reduce the risk of fixed income investments, you should listen.

 
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Research Papers A Sovereign Wealth Fund for Iraq

December 12, 2018

 
A Sovereign Wealth Fund for Iraq
 

 

 
8765645342-696x668.jpeg

Once used by only a few countries around the world ,Sovereign Wealth Funds( SWF )are becoming an increasingly common feature of international finance†and state-led economic development .An increasing number of countries ,predominantly developing countries, who rely on the export of commodities such as hydrocarbons and minerals are creating SWF portfolios .The exact motivation behind creating an SWF varies between countries .Some SWFs aim to provide funds for an aging or growing population while others invest the funds in development and investment programmes to help diversify revenue generation mechanisms .Others are explicitly designed to cushion a country’s economy from price shocks ,currency volatility and general international economic instability.

Download PDF

http://www.bayancenter.org/en/wp-content/uploads/2018/12/8978675645342.pdf

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  • yota691 changed the title to Research Papers A Sovereign Wealth Fund for Iraq

Description

A sovereign wealth fund or sovereign investment fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Wikipedia
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How do sovereign wealth funds in the Middle East come from the world's money?

Spread Tuesday , 25 December 2018
How do sovereign wealth funds in the Middle East come from the world's money?

The Sovereign Wealth Fund of the Abu Dhabi Investment Authority (ADIA) maintained the first position among sovereign wealth funds in the Arab world, followed by Kuwait Investment Authority (KIA) and the foreign assets of the Saudi Central Bank (SAMA) , Knows the ten funds that have the largest assets in the world and the Middle East.

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  • yota691 changed the title to Model SWFs

Model SWFs

Saturday 16 February 2019 42

Model SWFs

 
Yasser Al Metwally 
 
Sovereign funds are one of the most important institutions guaranteeing the country's wealth by investing money to secure the future of the country. It also guarantees the future of future generations of wealth returns. This is what economists and finance experts agree on. The economic theories are comprehensive, capitalist, or deficient.
The Prime Minister has been able to put the right basis for the selection of the sovereign fund model, which ensures the investment of public money in the right way by proposing the establishment of a joint Japanese-Iraqi fund for infrastructure projects and services with productivity on the sidelines of his meeting with the senior adviser to the Japanese government at the end of last year.
In this context, the Baghdad Economic Forum started its first activity this year by devoting most of its efforts to studying this important pioneering project based on the belief and belief of the Forum on the importance of the sovereign funds in activating the economic development aimed at investing the Iraqi money. Ensuring the future of the country and ensuring the future of future generations of the returns of the country's wealth and the returns of real investments.
The forum (and this impression of its recovery through my meetings with the veteran experts as a founding member) believes that this fund will cut the corruption as the first prime objective.
Because the participation of Japan with Iraq in the financing of the Fund will make the investment companies or the transfer of the executed projects keen to preserve the funds of the country and most importantly maintain its international reputation known and thus ensure the safety of projects in terms of quality And the productive life of it. In addition, the common fund is a sovereign guarantee of the rights of both countries. The objectives of this project are to create a spirit of real competition between countries that have interests to invest in the country. The required investments.
The partnership with a major country enjoys a global and advanced position such as Japan, which sets the foundation for the adoption and implementation of efficient projects and international standards, as well as their implications in raising the efficiency and capabilities of Iraqi cadres and creating a competitive environment and the ideal model for other sectors. Towards contributing quickly to rebuilding 
The country.
We hope that the efforts of the Baghdad Economic Forum will contribute to strengthening the government's approach towards adopting visions of Iraqi expertise to serve the country's economy.
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