Analysis of the Effectiveness of Management of Sovereign Wealth Funds

Abstract

The paper considers management of sovereign wealth funds established in the countries located in the transboundary territories of the Russian Federation, China, the Republic of Kazakhstan and Mongolia. Sovereign wealth funds have gained great importance in the global financial market, which indicates the relevance of the study of these institutions of financial and economic activity. The purpose of this research is to assess the efficiency of management of sovereign wealth funds. The objects of research are sovereign wealth funds, the subject of research is management of these funds. The methods of research used in the article are comparative cross-country analysis, structure analysis and systematic approach. As a result of the study, it was concluded that the management of China's sovereign wealth funds is highly efficient, Kazakhstan's long-term fund management policy based on the Norwegian model is advantageous, and the activities of Mongolian funds show lack of transparency. A recommendation is given to include profitable risk assets in the portfolio of a Russian sovereign fund in order to increase its profitability.