Nov. 14 (Bloomberg) -- Government of Singapore Investment Corp., manager of more than $100 billion of the city-state’s foreign reserves, said governments should keep their capital markets open to sovereign wealth funds, because protectionist measures could hurt the global economic recovery.“The biggest danger facing the world economy in the coming years, which could derail the economic recovery, is the growth of protectionist sentiments possibly arising out of high unemployment rates, putting pressure on politicians,” said Tony Tan, deputy chairman of Singapore’s sovereign wealth fund. “This could manifest itself in the form of protectionist measures, not only in world trade, but also in financial markets, the free flow of funds.”
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Sovereign funds warn against investment barriers - Moneycontrol.com
