UK is magnet for sovereign wealth funds

Tim Wallace
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BRITAIN has been more successful than any other country in attracting investment from sovereign wealth funds (SWFs) over the past eight years, a report from TheCityUK showed yesterday.

The UK and the US each received around 16 per cent of the $800bn (£523bn) invested by SWFs since 2007, meaning Britain’s economy has brought in more cash relative to the size of its economy.

Nine of the top 20 SWFs have offices in London.