About the IFSWF

The International Forum of Sovereign Wealth Funds (IFSWF) is a global network of sovereign wealth funds (SWFs) established in 2009 to enhance collaboration, promote a deeper understanding of SWF activity and raise the industry standard for best practice and governance.   

Central to the IFSWF are the Santiago Principles, which all members voluntarily endorse, bringing to bear transparency, accountability and prudent investment practices.

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About the Santiago Principles

The Santiago Principles (the “Principles”) consists of 24 generally accepted principles and practices voluntarily adopted by IFSWF members. The Principles endorse transparency, good governance, accountability and prudent investment practices whilst encouraging a more open dialogue and deeper understanding of SWF activities.

Drafted by the International Working Group of SWFs and welcomed by the IMF’s International Monetary Financial Committee in 2008, the objectives of the Principles are:

  • To help maintain a stable global financial system and free flow of capital and investment;
  • To comply with all applicable regulatory and disclosure requirements in the countries in which SWFs invest;
  • To ensure that SWFs invest on the basis of economic and financial risk and return-related considerations; and
  • To ensure that SWFs have in place a transparent and sound governance structure that provides adequate operational controls, risk management, and accountability.

The Santiago Principles demonstrate that SWFs invest as economically and financially oriented entities in both their domestic markets and globally. By doing so, SWFs contribute to the stability of the global financial system, reduce protectionist pressures and help maintain an open and stable investment climate. The knowledge sharing activities of the IFSWF also serve as a tool for continuous improvement and innovation for all our members.

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Research

Sovereign Wealth Fund Annual Report 2015

public://Publications/Bocconi SIL 2016 Report.pdf : [filesize]

The Santiago Principles: What’s next?

public://Publications/Moving the Santiago Principles foward.pdf : [filesize]

Oil-funded SWFs at a turning point

public://Publications/SWFs April 2016.pdf : [filesize]

The Long-Term Portfolio Guide

public://Publications/FCLT_Long-Term Portfolio Guide.pdf : [filesize]

Principles and Policies for In-House Asset Management

public://Publications/wp079_0.pdf : [filesize]

How do Sovereign Wealth Funds Invest? A Glance at SWF Asset Allocation

public://Publications/How do Sovereign Wealth Funds Invest_0.pdf : [filesize]

The Investment Plan for Europe

public://Publications/2-Carano-presentation-EFSI-IFSWFs-Milan-20150930-FINAL.pdf : [filesize]

A new boost for European Investments

public://Publications/1-Scannapieco-20153009_IFSWF_VPDS_Supporting-Slides.pdf : [filesize]

IFSWF Case Study: Endorsement of Santiago Principles

public://Publications/7.2-PIF-presentation-September-2015.pdf : [filesize]
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