Saudi PIF ranks 8th among world’s top SWFs, ICD 10th

The Saudi Public Investment Fund (PIF) has moved up to the 8th position among the largest sovereign wealth funds (SWF) in the world with a net worth of $360 billion, recent data from SWF Institute showed. 

Last May, the PIF was in the 9th place with $360 billion worth of assets.  

The Investment Corporation of Dubai (ICD) joined the top 10 list with assets totaling $305.2 billion, as part of the SWF Institute fund reclassification. Last May, ICD came in the 12th place.  

Meanwhile, China’s SAFE was removed from the list, after ranking 7th previously. 

Norway’s Government Pension Fund Global maintained its top position in the list with assets standing at $1.186 trillion. 

China Investment Corporation (CIC) came in second with $940.6 billion worth of assets. 

It was followed by Abu Dhabi Investment Authority ($579.6 billion) and Kuwait Investment Authority (KIA) with $533.7 billion worth of assets. 

The combined assets of the 88 sovereign wealth funds totaled $7.83 trillion.  

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