Sovereign wealth funds doubled direct investments to $65.9b in 2020

Signage for Temasek Holdings Pte is displayed in the lobby at the company's headquarters in Singapore. Photographer: Bryan van der Beek/Bloomberg

Sovereign wealth funds’ direct investments almost doubled in 2020 to $65.9 billion, with a significant portion of that amount invested at home as funds sought to soften the hit to their economies from the COVID-19 crisis, according to a report published Tuesday.

For the first time, savings funds invested less than sovereign development funds and hybrid funds, according to the report from the International Forum of Sovereign Wealth Funds (IFSWF), based on publicly-disclosed direct investments.

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