TOKYO -- From Indonesia to India, more emerging Asian economies are looking to launch government-controlled funds to better navigate a world increasingly buffeted by the twist and turns of U.S. monetary policy and geopolitical risks.
Finance
Indonesia, India plan state-backed funds eyeing Temasek success
Critics say direct political control of financial institutions invites misuse
Indonesian President Prabowo Subianto envisions the country's new sovereign wealth fund rivaling top global players like the Abu Dhabi Investment Authority within years. © Reuters
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