The EU's approach to SWFs is commendable

The EU Commission's proposal for sovereign wealth fund policies are to be welcomed, says Norbert Walter, the chief economist of Deutsche Bank Group. And it is in the interests of the funds themselves to support this course.

Setting international standards for sovereign wealth funds (SWFs) is an unenviable task. The situation is delicate:

The $ 3.2 trillion SWF industry has become a symbol of the latest wave of globalisation, making ownership of assets a critical issue on the policy agenda of

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