The investments that the funds make have had note worthy controversy follow them including the Dubai Ports World buyout of US ports in 2006 and the ownership of various airports by the funds. While both funds deny influencing politics, their purchases appear to be strategic and directed into specific sectors of the global economy. See, David A. Andelman, Dubai, Inc., Forbes, March 3, 2006.
Whatever the effect of this move to investment in exchanges, it seems likely that the Santiago Principles, created to provide a framework for assurance to developed states to continue to keep their investment borders open to sovereign inbound investment, might not provide a necessary guidance on this issue. Perhaps it ought to be revised on this score; something for the International Forum of Sovereign Wealth Funds to consider .