With oil at $30-$40, SWFs may pull $404 bln from stocks in 2016 -report

Published on 23 Feb, 2016

Sovereign wealth funds (SWFs) might take a further $404 billion out of global listed equities in 2016 if oil prices stay between $30 and $40 a barrel, after pulling out about half that amount last year, a research organisation said on Monday.