Sovereign wealth funds (SWFs) have emerged in developing Asia as a policy response to an unprecedented accumulation of foreign exchange (FX) reserves since 2000. At the same time, developing countries have become an increasingly important source of outward foreign direct investment (FDI). The central objective of this paper is to evaluate the prospects for SWFs to serve as a major conduit for t...

SWFs play an important role in global financial market. With more active investment, increasingly optimized portfolio and stronger endurance to risk, SWFs are growing fast both by scale and by quantity. In this essay, the status quo of SWFs is discussed at first, and investment strategies are analyzed thereafter. After presenting global investment routes of SWFs, this article finally ends in su...

We examine tracking errors and performance of 31 European bond exchange traded funds (ETFs) during 2007-2010. On average, ETFs outperform their respective benchmarks. Our findings, contradicts recent results from international equity markets that suggest ETFs’ underperformance. The average overperformance during the sample period varies from 10 basis points to 27 basis points. Notable the over-...

The world-wide financial turn in land and urban development is now leading to financialised development, reflecting the rising influence of sector actors over built environment. Observing Chinese (South-)East Asian this collection interrogates sources instruments as well variegated practices. First, these studies confirm wide spread region provide in-depth knowledge operations associated with r...

This paper proposes the creation of a Sovereign Borrowing Entity (SBE) under the auspices of the International Monetary Fund (IMF) and other International Financial Institutions (IFIs). The SBE guarantees bond issuances by developing nations, packages them in relatively small denominations, and auctions them to the public. Should a developing debtor country fail to pay its debt, the SBE would r...

BACKGROUND In 2015 around 15 million people living with HIV were receiving antiretroviral treatment (ART) in sub-Saharan Africa. Sustained provision of ART, though both prudent and necessary, creates substantial long-term fiscal obligations for countries affected by HIV/AIDS. As donor assistance for health remains constrained, novel financing mechanisms are needed to augment funding domestic so...