Sovereign Wealth Funds may pull $404b from stocks in 2016 if crude stays at $30-$40

Sovereign Wealth Funds may pull $404b from stocks in 2016 if crude stays at $30-$40

Photo: Pixabay

Sovereign wealth funds (SWFs) might take a further $404 billion out of global listed equities in 2016 if oil prices stay between $30 and $40 a barrel, after pulling out about half that amount last year, a research organisation said on Monday.

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