The coronavirus tsunami has created an unprecedented level of stress and losses on the $8 trillion combined assets of Sovereign Wealth Funds (SWFs) globally. Analysts at Konfidants have just concluded a COVID-19 global assessment of SWF portfolios that projects that collectively, SWFs could lose around $2 trillion in a best-case scenario, and a worst-case scenario shortfall of a minimum $3.6 trillion. Over 80 Sovereign Wealth Funds around the world were included in the global assessment.
[…] African Sovereign Wealth Funds could Lose at Least $19 Billion Due to COVID-19 COVID-19 to Shave Off at Least $2 Trillion in Sovereign Wealth Funds […]