Sovereign wealth funds (SWF) from Gulf countries may reassess their global investments if the Iran war continues for long. India’s technology and infrastructure sectors have been prime destinations for such funds. V Shunmugam explains how SWFs identify and seek value and what India can do to continue attracting these funds l How sovereign wealth funds invest & seek value SOVEREIGN WEALTH FUNDS or SWFs are investment vehicles wholly owned by governments. Commodity-exporting countries deposit mineral or oil revenue into SWFs. Those with sustained trade surpluses or large foreign-exchange reserves use SWFs to invest excess reserves for better returns. Though many blend categories, SWFs are typically classified into five types :