Federal Sovereign Wealth Fund (Nouvelle Alexandrie)
 | |
| Type | Sovereign wealth fund |
|---|---|
| Industry | Institutional investor |
| Founded | 1685 AN |
| Founder(s) |
 Government of Nouvelle Alexandrie |
| Headquarters | Cárdenas, Nouvelle Alexandrie |
| Key people |
Ismael Gonzalez, Chairman Jacqueline Fauquier, Managing Director |
| Total assets | WAE€687 billion |
The Federal Sovereign Wealth Fund (FSWF) is a sovereign wealth fund owned by the people of the Federation of Nouvelle Alexandrie and administered by the federal government.
Founded in 1685 AN, the FSWF serves as a long-term investment vehicle for the Federation. Its mandate is to invest funds on behalf of the people of Nouvelle Alexandrie. The majority of the fund's resources come from taxes on the profits of private hydrocarbon enterprises and surplus revenues of state-owned hydrocarbon companies.
The FSWF manages a significant reserve of excess oil, valued at approximately WAE€448 billion écu. As a result, the fund's portfolio has experienced consistent growth, with an annual rate of approximately 10% compounded.
Diverse in its investments, the fund's portfolio includes real estate, fixed-income investments, international equities, and emerging market bonds. Its investment strategy aims to maximise returns over the long term, while also minimizing risk.
The FSWF holds a strong commitment to ethical investing. It has a comprehensive set of exclusion criteria, which have led to the exclusion of many companies on ethical grounds. These criteria include considerations related to environmental sustainability and human rights abuses. The fund has come under significant criticism, however, due to being funded from the proceeds of the sale of fossil fuels from Nouvelle Alexandrie's vast oil and natural gas deposits in Eura and Keltia.
While the FSWF has not publicly disclosed the total value of its assets, estimates have placed it between €548 billion to approximately €687 billion, as of 1704 AN. Regardless of the exact amount, it is clear that the fund represents a significant financial resource for Nouvelle Alexandrie, playing a vital role in securing the nation's financial future.
