Interesting graph:

Fair use. Financial Times.

Not particularly about Malaysia but if you are interested:

The sovereign funds remain far smaller than official foreign currency reserves (approximately $5,600bn). But the expectation is that these funds will grow rapidly, possibly to exceed official currency reserves in a number of years. If recent growth were to continue, the total value would reach $13,000bn over the next decade. This might then be 5 per cent of total global financial wealth.

How is the money used? Here the report distinguishes funds by their transparency and by the active, or strategic, nature of their approach to investment (see chart). Norway’s fund is conventionally invested (with widely distributed ownership) and transparent. Singapore’s funds are defined as transparent, but look for large ownership positions. Qatar’s fund is defined as non-transparent and strategic, as is China’s. But Lou Jiwei, chairman of the China Investment Corporation, insists that the new fund will operate on commercial lines. [The brave new world of state capitalism. Martin Wolf. Financial Times. October 15 2007]

As for me, I find sovereign funds confusing because it blurs the line between privatization and nationalization.

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