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September: Vol. 2(1) pp.40-48

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Palgo Journal Of Business Management, Vol. 2(1) pp. 40-48, September, 2015. Copyright © 2015 Palgo Journals

Full Length Research

Sovereign Wealth Funds: Analysis of Sources in terms of Assets Under Management

Antonia Ficova

Faculty of Economics and Business ,Paneuropean University,  Slovakia

Email: antoniaficova@zoho.com    

Accepted 26 September, 2015

The paper explores sources of wealth of observed Sovereign Wealth Funds. First, we examine at 95% of probability that Assets Under Management of 75 SWFs is equal or less than average of Assets Under Management of 61 funds. Second, we examine correlation between total exports of 19 observed countries that set up SWF and SWFs. Third, we observe 24 countries, correlation between total export of the country with SWF and Assets Under Management of the fund. Findings indicates that that are not statistical differences between average of Assets Under Management of  61 funds and 75 funds. We found that between the funds and export earnings from commodities is statistical dependence. We identified that in the case of one percent increase in export of the country, there would be 0.07 percent increase in value of fund, what is statistically significant. Conclusions pointed out that if more resource-rich economies continue to plan new sovereign wealth funds, and existing sovereign wealth funds continue to expand and accumulate assets.

 Keywords: Sovereign Wealth Fund, Crude Oil, Foreign Exchange Reserves, Export

Palgo Journal of Business Management