Sovereign Wealth Funds’ Impact on Debt and Equity Markets During the 2007-09 Financial Crisis

Posted: 25 May 2010

See all articles by Vincent Gasparro

Vincent Gasparro

The Green Tomorrow Fund

Michael S. Pagano

Villanova University - Villanova School of Business

Date Written: May 25, 2010

Abstract

The authors found that news related to the financial crisis and sovereign wealth fund investments in U.S. and European firms not only affected returns on U.S. money market instruments and U.S. firms’ common stock but also created negative “spillover” effects on Canadian money markets and Canadian firms’ equity returns.

Keywords: Portfolio Management: Endowment Funds and Foundations, Equity Investments, Fundamental Analysis (Sector, Industry, Company) and the Valuation of Individual Equity Securities, Equity Market Valuation and Return Analysis, Economics, International Trade and Capital Flows

Suggested Citation

Gasparro, Vincent and Pagano, Michael S., Sovereign Wealth Funds’ Impact on Debt and Equity Markets During the 2007-09 Financial Crisis (May 25, 2010). Financial Analysts Journal, Vol. 66, No. 3, 2010. Available at SSRN: https://ssrn.com/abstract=1615485

Vincent Gasparro (Contact Author)

The Green Tomorrow Fund ( email )

692 Queen St. E
Toronto, M2M 1C3
Canada
416-323-3512 (Phone)

Michael S. Pagano

Villanova University - Villanova School of Business ( email )

800 Lancaster Avenue
Villanova, PA 19085-1678
United States
(610) 519-4389 (Phone)

HOME PAGE: http://www90.homepage.villanova.edu/michael.pagano

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