Outline - case by case principle (by country) - Norway (NBIM), China (CIC), Australia (Future Fund), Korea (KIC).
Goal - investigate what actions do sovereign wealth funds undertake during crisis. The crisis used to study the actions would be the 2007 crisis and recent 2020 coronavirus crisis.
– how their portfolio changes, whether a specific pattern can be seen
– look into the portfolio structure of the sovereign wealth funds a) before crisis b) find out what changes to the portfolios have been made during the crisis and c) track the portfolio changes once the crisis finished (maybe like a year afterwards, maybe c not needed, not sure)
–Compare the changes that have been done to portfolios of sovereign wealth funds during the crisis of 2007 and recent coronavirus crisis and understand whether there are similarities or differences in the portfolio structure change.
–Elaborate on these questions – are reactions to the crisis similar across sovereign wealth funds of different countries? Are reactions to crisis similar across two different crisis? Were the actions of sovereign wealth funds adequate and successful (did they protect their portfolio adequately)?
–Whether there is evidence that sovereign wealth funds actions – such as decision to sell a significant amount of particular stocks or bonds could potentially trigger the decrease of the price of this asset on the market and hence damage the companies.