Sovereign Wealth Funds (SWFs) have emerged as an increasingly important source of cross-border capital flows and investment. In the future, SWFs will have an even greater impact on the global economy, particularly as financing sources for national deficits and emerging market countries. In the process, SWFs are subject to increasingly intense public scrutiny and political consideration. These two trends—continued growth and the glare of the spotlight— present complicated new issues for SWFs and for global economic growth and stability.
The Sovereign Wealth Fund Initiative (SWFI) has been established as part of the research program on Sovereign Wealth Funds and Global Capital Flows at the Center for Emerging Market Enterprises (CEME) at The Fletcher School. SWFI examines with SWFs the key cross-border issues they face with a particular focus on managing conflicts and external relationships. SWFI provides dedicated research and a forum for SWFs to develop insights, approaches, and policies that can be incorporated into their management processes and operations.
The SWFI focuses on key policy issues in which SWFs generally looked for knowledge and expertise; major themes are categorized within each of these four main issues:
- Strategic Mission and Investment Objectives
- Strategic Mission and Political Risks
- The Global Financial System and the Future Global Financial Architecture
- Anticipating and Managing Conflicts
- Generally Accepted Principles and Practices
- Legal Aspects of Issues, Challenges and Risks
- SWFs as Recognized Global Participants Face Discriminatory Restrictions
SWFI project overview
The Center for Emerging Market Enterprises (CEME) was established at The Fletcher School, Tufts University in 2007 as a hub of research, study, and networking conceived for emerging and frontier market-focused consulting, training, management, and policy. Housed within The Fletcher School, the United States’ first professional graduate school of international relations, CEME addresses a range of global issues affecting multinational corporations, rising national enterprises, banks and financial institutions, and consulting and academic institutions and offers resources such as Executive Education and Custom Research that provide emerging thinking on emerging markets.
Specific content areas of focus include Country Management & Doing Business in BRICs, Inclusive Finance & Growth, Innovation & Change, and Sovereign Wealth Funds & Global Capital Flows. For more information, please visit the CEME website.