We all know 2022 was a miserable year for sovereign wealth funds, as it was for all diversified institutional investors. But just how bad was it?
The first attempt at assessing the carnage has come from the Global SWF research group. Its report, released on New Year’s Day, asserts that 2022 was the first year ever that sovereign wealth funds shrank in value.
It’s not an easy figure to pin down. The reporting timeframe of major funds such as those in China and Abu Dhabi means that accurate figures can be the best part of a year in arrears, and plenty of funds (again including Abu Dhabi) don’t publish assets under management (AUM) anyway.
Thanks for your interest in Euromoney!
To unlock this article:
