Archives of “Sovereign wealth fund” tag

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More info on that Russian COVID-19 vaccine: 30 million doses in Russia by end of year and 170 million worldwide

  
  Analysis
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The Russian vaccine speculation is not new, but here is more on it if you need.

Head of its sovereign wealth fund Kirill Dmitriev, chief executive of the Russian Direct Investment Fund, which is financing the country’s vaccine research:
  • Russia aims to secure approval for the first Covid-19 vaccine in the first two weeks of August
  • expects to produce 30 million doses in Russia by end of year and 170 million worldwide
The Russian vaccine speculation is not new, but here is more on it if you need.

Saudi Arabia’s sovereign-wealth fund pours $1bn into stakes in 4 European oil firms

  
  Analysis
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WSJ citing “according to people familiar with the matter“
  • Saudi Arabia’s sovereign-wealth fund has amassed stakes worth roughly $1 billion in four major European oil companies
  • buying assets it perceives as undervalued in a market depressed by the coronavirus pandemic and low oil prices
  • stakes in Equinor AS A, Royal Dutch Shell PLC, Total SA and Eni SpA
  • bought in recent weeks
  • the fund may continue to make stock purchases
That “buying assets it perceives as undervalued in a market depressed by the coronavirus pandemic and low oil prices“. You might recall from a few weeks ago OPEC+ failed to agree on maintaining output cuts and Saudi Arabia ramping production higher and thus sending the price of oil plummeting. The cynical amongst us might even suggest this was all part of a plan?
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