Sovereign wealth fund flows likely to rise on oil bounty, shows data

There's correlation between oil prices and sovereign fund flows, but experts say lot depends on trade balance

The recent surge in oil prices, which closed at a seven-year high on Monday, is expected to boost the war chests of sovereign wealth funds (SWFs). 

Countries such as Saudi Arabia, Kuwait, Norway, and Canada invest significantly through SWFs in India and across the globe. The assets under custody of SWFs in Indian equities totalled Rs 3 trillion as of September 30, shows the data from NSDL.

Norway, for instance, reportedly depends on oil and gas for more than a third of its exports. The country’s Government Pension Fund Global, the biggest SWF in the world, had an India allocation of 1.3