Preqin headquarters in London Headquartered in London, Preqin sees SWFs weathering global volatility.

LONDON—Global market volatility and low oil prices have done little if anything to cramp sovereign wealth funds’ style. Preqin said Tuesday that SWFs collectively increased their assets under management by $200 billion globally over the past year, with 62% of the funds now investing in real estate and infrastructure.

Non-commodity funds drove the year-over-year increases, adding $290 billion in assets, while hydrocarbon funds lost $10 billion and AUM of other commodities funds fell by more than half from $130 billion to $50 billion. Although Preqin notes that the rate of growth has been noticeably slower than in previous years, SWFs held approximately $6.5 trillion in AUM as of March. That’s more than double the assets seen in March 2009, when the aggregate AUM totaled $3.22 trillion.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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