Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only IDD can deliver.
  • Investment Dealers' Digest one-month trial subscription
  • IDDMagazine.com one-month trial subscription
  • Free e-newsletters
  • Free whitepapers

For Sale

Sovereign wealth funds stabilize US financial sector, but at what price?


By Yael Bizouati

February 11, 2008

In 1941, Time magazine's Henry Luce coined the phrase 'American Century' to describe the growing stature of the United States on the world's stage. The ongoing shift in global economic power, though, might define the current century as that of the 'Emerging Market,' embodied by the sovereign wealth fund. These funds, with trillions of dollars in their coffers, have benefited from growing demand for commodities such as oil and -- in the case of China -- trade with the US and other markets. The heft of the sovereign funds' buying power has at the same time been magnified by a weakened US dollar.

The full article is available to IDD Magazine subscribers only

For immediate access, sign-up for a risk-free trial.

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.