2019 Sovereign Wealth Funds Report

ICEX-Invest in Spain | IE Business School

In the increasingly complex world economy, Sovereign Wealth Funds (SWF) play an ever more important role due to their capacity to channel large volumes of savings toward investment and hence boost FDI flows. This role is analyzed in depth in the study on sovereign funds, a joint project between ICEX-Invest in Spain and IE University, which has become a leading instrument of analysis for the institutional investment industry worldwide. The aim of this project is primarily to analyze the strategies, operations and trends that feature these public investment vehicles

The 2019 Sovereign Wealth Funds report shows that these funds are defined by continuity and change. Continuity because they make it possible to maintain strong investment activity and are seen as a factor of stabilization in the investment cycle due to their relative immunity to the volatility of the economic situation. From January 2018 to September 2019 the total value of SWF transactions was 139 billion dollars. And change because they allow the rapid adaptation to the technology revolution thanks to increased investment in sectors such as biotechnology, software, fintech, data, mobility, e-commerce and health. SWFs are increasingly acting not only as financial investors seeking a return in the medium and long term, but also as instruments of public policy that drive the transformation of the productive sector of their economies. In this context, and in line with these objectives, SWF investments in Spain have multiplied in recent years, offering evidence of Spain’s attractiveness to these investors.