主权财富基金的总体投资趋势研究

The Research on the Investment Trend of Sovereign Wealth Funds

从总体投资趋势看,近年来主权财富基金对外投资呈加速增长态势。其投资领域多元化,但对金融服务业和房地产业尤为重视,投资风格由低调沉稳趋向于风险激进;它们在国内外市场均有投资,但以国外市场为主,其中2001-2005年投资主要面向新兴市场,而2006-2008年则主要面向经济合作与发展组织发达国家,并因此引起西方国家的极大关注和质疑;受全球金融危机影响,主权财富基金一度出现大幅萎缩,部分主权资金退回国内市场,但最新交易表明,主权财富基金已再次开始把目光投向海外寻找战略性投资,以进一步实现其赢利目的。

In recent years, foreign investment of Sovereign Wealth Funds （SWF） is characterized by rapid growth and the areas of investment of that is diversified. During the year 2001 to 2005, it mainly invested to the emerging market; and during the year 2006 to 2008, it mainly invested to the developing countries of Organization for Economic Co-Operation and Development （OECD）. And this aroused more attentions and suspicion from the western countries. Influenced by the global financial crisis, some of the SWF withdrew their investment. But, it is demonstrated by the new data of exchanges that the SWF is beginning to look for new foreign strategic investment areas to gain more profit.