Sovereign wealth funds doubled direct investments to $65.9b in 2020

Sovereign wealth funds doubled direct investments to $65.9b in 2020

Signage for Temasek Holdings Pte is displayed in the lobby at the company's headquarters in Singapore. Photographer: Bryan van der Beek/Bloomberg

Sovereign wealth funds’ direct investments almost doubled in 2020 to $65.9 billion, with a significant portion of that amount invested at home as funds sought to soften the hit to their economies from the COVID-19 crisis, according to a report published Tuesday.