Hi members!
Today we have an essay about how sovereign wealth funds (SWFs), many of which come from emerging markets, avoid those same markets when seeking destinations for their ample monies. While much has been (correctly) made about the rise of the Global South, SWFs from those regions overwhelmingly park their cash in northern and western democracies like the UK and the US This, even though both countries are roiled by instability relating to trade agreements, border issues, and protectionism. It’s a cascade of paradoxes.
Tomorrow, we’ll be looking at New Zealand’s widely admired sovereign-wealth fund, and how it has become the belle of the SWF ball. We also have a quiz that will help you determine which kind of SWF you would be.
On Friday, we’ll have our live, members-only video conference call about SWFs, with this week’s field guide author, Max de Haldevang. Come ready to ask questions! The 30-minute call will start at 11 am ET/3 pm GMT on March 15th at this link. If you use Google Calendar, you can add the call to your calendar here. Login info is in the invitation. If you’re on another calendar, don’t worry—we’ll be adding more integrations in the weeks ahead.
We want to hear from you! Please send comments, questions, and rupees to members@qz.com.
Here’s to a rewarding day,
Sam Grobart
membership editor