from The Century Dictionary and Cyclopedia
- n. The aggregate of wealth which exists at a given moment, as contrasted with the income which comes into existence in a given time. The wealth-fund is regarded by some economists as capital, rightly conceived.
Sorry, no etymologies found.
Also excluded are some Western investment groups with close state links, such as Calpers and Hermes, the U.S. and United Kingdom pension funds -- which are occasionally tarred with the sovereign wealth-fund brush -- since these have clear obligations to their investors.
The explosion of resources under sovereign wealth-fund management and a shift by some into stocks rather than the more traditional bonds have made them front-page players.
The arrangement marks a turnaround from earlier wealth-fund investments, where terms were less onerous for banks.
Afterward, the G-7 -- Canada, France, Germany, Italy, Japan, the United Kingdom and the U.S. -- issued a statement saying that while their economies "can benefit from openness" to wealth-fund investments, the International Monetary Fund and World Bank should examine issues such as the funds 'structure, transparency and accountability.
pulling out of its recession in the third quarter-exceptional monetary and fiscal policy stimulus, renewed institutional and sovereign wealth-fund inflows into commodities and investor interest into such "hard assets" as crude oil and precious metals.
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