UK is magnet for sovereign wealth funds
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.