Are you sure you want to change languages?
The page you are visiting uses a different locale than your saved profile. Do you want to change your locale?
You are leaving SSGA.com
The website you are accessing is created and maintained by another entity. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. The products and services discussed at this site may not be appropriate for sale or use by all investors or counterparties. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.
You are leaving SSGA.com
The website you are accessing is created and maintained by another entity. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. The products and services discussed at this site may not be appropriate for sale or use by all investors or counterparties. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.
You are leaving SSGA.com
The website you are accessing is created and maintained by another entity. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. The products and services discussed at this site may not be appropriate for sale or use by all investors or counterparties. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.
Centralized Systematic Valuation Aggregated Cash Flow (ACF Files)
This information provided is calculated by Bloomberg Finance L.P., a third party not affiliated with SSGA. Neither SSGA nor its affiliates assume any liability for or guarantee the timeliness, accuracy and completeness of the information provided. The information provided is as of the date indicated and is subject to change.
This analysis or any portion thereof may not be revised or changed in any way, reprinted, sold or redistributed without the written consent of SSGA.
This cash flow table and the data contained herein (together, "Content") is provided for informational purposes only, on an "as is" basis. No source of Content, or any of its affiliates (each a "Source"), makes any warranty, express or implied, that the Content is accurate, complete or error-free, and it should not be relied upon as such. No Source guarantees the timeliness, reliability, performance, continued availability, or currency of the Content or any results obtained therefrom. No Source shall be liable for any damages, including without limitation, any special, punitive, indirect, incidental or consequential damages, or any lost profits, arising from the use of or reliance on the Content, even if advised of the possibility of such damages. Nothing in the Content shall constitute or be construed as an offering of financial instruments by any Source, or as investment advice or recommendations by such entities of an investment strategy or whether or not to "buy", "sell" or "hold" an investment.
Insights
Are DIY Retirement Investors in Over Their Heads?
- Because Sovereign Wealth Funds (SWFs) play such an important role in global capital markets, we continue to track their asset allocation preferences.
- The following report is an update to our 2015 study of SWF asset allocation.
Key Points
The main findings of this updated report are:
- Overall, asset accumulation has slowed considerably, but is still positive. However, growth has become very uneven as several commodity-based funds have contracted in size.
- The structural shift into alternatives1 continues unabated, primarily at the expense of fixed income portfolios.
- This trend toward alternatives is nearly universal, while SWFs display very heterogeneous investment behaviour otherwise.Looking ahead, we believe this trend is bound to plateau as we see institutional and market obstacles constraining further increases.
From the turn of the millennium, the SWF sector has experienced rapid growth in assets under management, but that has come to an end. The slowing of organic asset accumulation and the proliferation of new SWFs carries significantimplications for asset allocation. We are publishing this update to our 2015 article2 to discuss the changes in the sector over the past two years and presentseveral new angles from which the sector can be viewed.
1Alternatives” is the term used to encompass all asset classes that are not publicly traded, notably referring to private equity, real estate, hedge funds, infrastructure and private debt.
2Elliot Hentov, “How Do Sovereign Wealth Funds Invest? A Glance at SWF Asset Allocation,” State Street Global Advisors, 2015