Saudi Arabia, UAE sovereign funds rank among world’s largest: SWFI

Saudi Arabia and the United Arab Emirates’ sovereign wealth funds— at $668.6 billion and $773 billion, respectively— ranked as the Middle East’s largest in December 2015, according to a report issued by the Sovereign Wealth Fund Institute (SWFI).

The asset value of the kingdom’s SWF dropped by about $3.2 billion q-o-q since the institute’s last quarterly report. It ranked as the world’s fourth largest, just behind China.

Meanwhile, the Abu Dhabi Investment Authority (ADIA) ranked second on the list after Norway. The Kuwait Investment Authority (KIA) claimed the fifth spot with assets worth $592 billion, while the Qatar Investment Authority (QIA) placed ninth at $256 billion.

Norway's Government Pension Fund maintained its ranking as the world's largest sovereign wealth fund, as its assets reached $824.9 billion during the period. Its asset value, however, fell from $873 billion in Q3-2015.

World’s Largest Sovereign Wealth Funds
Quarterly change ($ bln)	Assets ($ bln)	Name	Country	Ranking
(48.1)	824.9	Government Pension Fund— Global	Norway	1
--	773.0	Abu Dhabi Investment Authority	United Arab Emirates	2
--	746.7	China Investment Corporation	China	3
(3.2)	668.6	SAMA Foreign Holdings	Saudi Arabia	4
--	592.0	Kuwait Investment Authority	Kuwait	5
--	547.0	SAFE Investment Company	China	6
+17.7	417.9	Hong Kong Monetary Authority Investment Portfolio	China	7
--	344.0	Government of Singapore Investment Corporation	Singapore	8
--	256.0	Qatar Investment Authority	Qatar	9
--	236.0	National Social Security Fund	China	10
--	193.0	Temasek Holdings	Singapore	11
--	183.0	Investment Corporation of Dubai	United Arab Emirates	12
--	110.0	Abu Dhabi Investment Council	United Arab Emirates	13
--	95.0	Australian Future Fund	Australia	14
+7.6	85.1	Samruk-Kazyan JSC	Kazakhstan	15
--	84.7	Korea Investment Corporation	South Korea	16
--	77.0	Kazakhstan National Fund	Kazakhstan	17
(6.4)	73.5	National Welfare Fund	Russia	18
--	66.3	International Petroleum Investment Company	United Arab Emirates	19
--	66.3	Mubadala Development Investment Company	United Arab Emirates	20

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