EU open to sovereign wealth funds

Europe is, and wants to remain, open to sovereign wealth fund investments, said David Wright, a deputy director general, DG internal markets and services, at the European Commission.

"Sovereign wealth funds will grow and we want to keep this flow of capital going. We believe in an open capital markets" said Wright at a forum on regulation in London.

He also underlined that the Commission expects sovereign wealth funds to adopt its voluntary code on transparency and governance.

He warned that if

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