[snowsislander]

The US Treasury and other advanced nations insist on the need for guidelines to cover the transparency of the funds and to prohibit aggressive behaviour by the funds as investors.

Our insistence is going to mean increasingly less to creditor nations if we continue to be the world's largest debtor nation.

[Oldexpat]

While our congress and president just doled out $150B for the public to buy X-Boxes, Singapore is investing their money in dividend paying growing companies. Who is wise and who is foolish?
Lots of these funds are Singapore’s individual SS type accounts. All of those individual accounts..up to a certain level must invest in these funds.
The DemocRats continue to block the same kind of accounts for US citizens. So our banks have to go begging for money.