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JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Sovereign Wealth Funds and Dedicated Infrastructure Investment
Author(s): Walt Schubert
Citation: Walt Schubert, (2011) "Sovereign Wealth Funds and Dedicated Infrastructure Investment," Journal of Applied Business and Economics, Vol. 12, Iss. 6, pp. 32 - 39
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Sovereign Wealth Funds are government owned funds typically funded through excess foreign currency reserves. This paper explores the arguments for and against including infrastructure investment in Sovereign Wealth Fund Portfolios. The benefits to private sector productivity, portfolio diversification, external public benefits and possibly lucrative returns all argue for inclusion. We evaluate the process for choosing infrastructure projects and then explore dedicated funding methods in order to find an efficient funding strategy. We conclude that infrastructure investing is likely to enhance the utility of the citizen owners of the fund but that care needs to be taken in properly evaluating projects and Fund management.
