Angola’s Sovereign Wealth Fund, Fundo Soberano de Angola

Angola’s Sovereign Wealth Fund, Fundo Soberano de Angola

Angola’s Sovereign Wealth Fund, Fundo Soberano de Angola (FSDEA) has retained a high ranking on the latest Sovereign Wealth Fund Institute (SWFI) Transparency Index ranking, known as the Linaburg-Maduell Transparency Index for Q2 2017. With this ranking, FSDEA cemented its place in the league of better-managed sovereign wealth funds. FSDEA scored eight out of 10 in the 2017 Linaburg-Maduell Transparency Index.
“The positive evaluation of FSDEA by SWFI is a testament to its commitment to the highest standards of financial reporting worldwide. This quotation reflects the good understanding that international analysts and large institutional investors have about the domestic, regional and international investment strategy of the Fund, ” said Hugo Gonçalves, Member of the Board of Directors of the FSDEA.
Furthering its commitment to communicate regularly and transparently the state of its investments, assets and accounting records, FSDEA concluded the transition process from the country’s national accounting standards for financial institutions (CONTIF) to International Financial Reporting Standards (IFRS) in 2016. This achievement makes the FSDEA the first Angolan institution to present financial statements in accordance with the rules of international financial and capital markets.
With the full adoption of IFRS in 2016, the FSDEA’s financial statements are now more comparable and consistent with those of other financial institutions at the international level. As a major investor in commercial infrastructure in the continent, it is imperative for the Fund to operate with ethically and a high degree of objectivity.
What you need to know about the Linaburg-Maduell Transparency Index
In 2008, Carl Linaburg and Michael Maduell developed the Linaburg-Maduell Transparency Index for the Sovereign Wealth Fund Institute. It is an internationally recognised method of periodically rating the transparency of sovereign wealth funds. The examination is based upon ten-point criteria, including the disclosure of the policy, purpose of each Sovereign Wealth Fund and its source of capital, a clear regulatory oversight, regular independently audited annual reports, the establishment of ethical standards, the strategies and location of its investment and management compensation.
What you didn’t know about Fundo Soberano de Angola

• The Fundo Soberano de Angola (FSDEA) is a Sovereign Wealth Fund.
• It is wholly owned by the State of the Republic of Angola.
• The Fund was established in accordance with international governance benchmarks.
• It helps to develop an investment portfolio across a number of industries and asset classes, in accordance with the investment policy and guidelines set by the State.
• By pursuing investments that generate long-term and socially enhancing financial returns, the FSDEA has an important role in promoting Angola’s socioeconomic prosperity and generating