State-Controlled Entities in Foreign Assets

This article reveals that developing country sovereign wealth funds (SWFs) as players in the world foreign direct investment (FDI) market have received considerable attention. On the other hand, state-owned enterprises (SOEs) - another class of state-controlled entities (SCEs) - are serious players in the world FDI market. UNCTAD identified more than 650 SOEs that are multinational enterprises (MNEs). They hail from both emerging markets and developed countries.