Cual es la rentabilidad de los grandes fondos soberanos como Noruega, Emiratos Arabes, Kuwait, Qatar, Singapur etc.. ?
"If you can generate in excess of 6 percent as a SWF you are doing well," said one asset manager, who declined to be named. Even Singapore's GIC fund, which is not reliant on commodity revenues, expects lower investment returns over the next five to 10 years.
The Abu Dhabi headquartered SWF’s performance is measured based on underlying audited financial data and calculated on a time-weighted return basis. Approximately 75 per cent of Adia’s assets are managed by external fund managers whose activities are subject to careful oversight and around 55 per cent of its assets are invested in index-replicating strategies.
Adia manages a global investment portfolio that is diversified across more than two dozen asset classes and subcategories.
Veamos Abu Dhabi a largo plazo...
Abu Dhabi Investment Authority (Adia), one of the world’s biggest sovereign wealth funds (SWF) on Tuesday said in US dollar terms, 20-year and 30-year annualised rates of return for its portfolio were 7.2 per cent and 8.3 per cent respectively, as of December 31, 2013.
Esto es importante ya que se suele decir que la bolsa a largo plazo da un 7-8% pero ya hemos visto que eso no es cierto en todos los paises ni mucho menos!
Y las condiciones que se han dado en USA puede que no se repitan en el futuro.