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Extraction Summary
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People
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Organizations
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Locations
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Quotes
Document Information
Type:
Financial report / market analysis presentation
File Size:
1020 KB
Summary
This document appears to be page 14 of a larger financial report regarding Sovereign Wealth Fund investment strategies. It analyzes market attractiveness, specifically noting the US as a 'safe haven' and tracking investor sentiment toward the US and Brazil across 2015, 2016, and 2017. While the document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was produced during a congressional investigation (likely involving financial institutions connected to the Epstein inquiry), the specific content of this page is a generic macro-economic analysis without direct mention of Jeffrey Epstein or specific transaction details.
Organizations (1)
| Name | Type | Context |
|---|---|---|
| House Oversight Committee |
Source of the document production (Bates stamp)
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Locations (4)
| Location | Context |
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Region with increased allocations
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Identified as a 'safe haven'; attractiveness rating 8.0 in 2017
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Mentioned regarding increased attractiveness alongside the US
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Emerging market analyzed; attractiveness rating 5.4 in 2017
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Key Quotes (3)
"Sovereigns are seeking greater exposure to perceived 'safe havens' within each key region."Source
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Quote #1
"Brexit and the US election cited as the factors of fastest growing importance to asset allocation"Source
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Quote #2
"Traditionally sovereigns have grouped countries by economic development or geographic region to form their overall geographic allocations."Source
HOUSE_OVERSIGHT_026694.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,580 characters)
Sovereigns are targeting markets offering security and growth
Traditionally sovereigns have grouped countries by economic development or geographic region to form their overall geographic allocations. Indeed, last year, we highlighted increased allocations to North America, based on perceptions of the US as a 'safe haven' for sovereign assets, driven by the strength of its currency and positive tax changes for international investors.
Traditionally sovereigns have grouped countries by economic development or geographic region to form their overall geographic allocations. Indeed, last year, we highlighted increased allocations to North America, based on perceptions of the US as a 'safe haven' for sovereign assets, driven by the strength of its currency and positive tax changes for international investors.
While at a high level, sovereigns have been unwilling to adjust regional allocations (as outlined in theme 1), idiosyncratic geopolitical risks are causing sovereigns to reweight to countries within these allocation bands. In developed markets, uncertainty over global interest rates is shifting this focus to identifying markets to shelter assets (as shown by the increased attractiveness of the US and Germany in figure 7), with Brexit and the US election cited as the factors of fastest growing importance to asset allocation (growing importance cited by 82% and 68% of sovereigns respectively). Similarly, emerging markets sovereigns are identifying countries with the greatest potential for long-term economic growth.
Fig 7. Attractiveness of markets to sovereign investors
US
7.7
8.2
8
7.7
8.2
8
Brazil
6
5.6
5.4
6
5.6
5.4
Sample is based on sovereign investors and excludes central banks.
Rating on a scale from 1 to 10 where 10 is the most attractive. Rating scored as of Q1 of the given year.
Sample: 2015=26, 2016=44, 2017=58.
Rating on a scale from 1 to 10 where 10 is the most attractive. Rating scored as of Q1 of the given year.
Sample: 2015=26, 2016=44, 2017=58.
Sovereigns are seeking greater exposure to perceived 'safe havens' within each key region.
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HOUSE_OVERSIGHT_026694
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