LONDON: Sovereign wealth funds pulled US$37.8bil from global stock and bond markets in 2016, data from research firm eVestment showed, although fourth quarter flows showed a slowdown in the rate of redemptions.
Oil-backed sovereign wealth funds (SWFs) have been under pressure since oil prices tumbled from their mid-2014 highs of US$115 a barrel, and 2016 marks their third year of net selling.
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