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Sovereign Wealth Funds: Ein Branchenüberblick

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  • Sun, Jiayi
  • Demmler, Michael

Abstract

Staatsfonds haben sich in den vergangenen Jahren zu bedeutenden Akteuren auf den internationalen Finanzmärkten entwickelt. Während sie in der Vergangenheit eher selten in Erscheinung getreten sind, rückten sie seit dem Jahr 2007 durch einige milliardenschwere Beteiligungen an westlichen Unternehmen schlagartig in den Fokus des öffentlichen Interesses. Staatsfonds weisen eine nach absoluten und relativen Maßstäben beachtliche Größe auf, wodurch sie verstärkt auch systemisch relevant werden. Das Papier gibt einen aktuellen Überblick über die Zusammensetzung der Staatsfondsindustrie und analysiert diese sowohl global als auch regionenspezifisch. Ferner werden auf Basis ausgewählter Prognosemodelle Tendenzaussagen zum Wachstum der Staatsfondsindustrie abgeleitet. Es zeigt sich, dass mit einer weiterhin expansiven Entwicklung zu rechnen ist.

Suggested Citation

  • Sun, Jiayi & Demmler, Michael, 2009. "Sovereign Wealth Funds: Ein Branchenüberblick," Bayreuth Working Papers on Finance, Accounting and Taxation (FAcT-Papers) 2009-02, University of Bayreuth, Chair of Finance and Banking.
    • Handle: RePEc:zbw:bayfat:200902
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    References listed on IDEAS

    as
    1. Laeven, Luc & Chhaochharia, Vidhi, 2008. "Sovereign Wealth Funds: Their Investment Strategies and Performance," CEPR Discussion Papers 6959, C.E.P.R. Discussion Papers.
    2. Joshua Aizenman & Reuven Glick, 2007. "Sovereign wealth funds: stumbling blocks or stepping stones to financial globalization?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue dec14.
    3. Mr. Paulo A Medas & Mr. Eric Le Borgne, 2007. "Sovereign Wealth Funds in the Pacific Island Countries: Macro-Fiscal Linkages," IMF Working Papers 2007/297, International Monetary Fund.
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    More about this item

    Keywords

    Sovereign Wealth Funds; Staatsfonds;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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