Saudi PIF ranks 8th among world’s top SWFs with $390 bln assets

10/09/2020 Argaam Special

 


Saudi Arabia’s Public Investment Fund (PIF) maintained its 8th position among the world’s largest sovereign wealth funds (SWFs) for September 2020, recent data from SWF Institute showed.

 

The Kingdom’s sovereign wealth fund assets increased by $30 billion to $390 billion, hovering near a targeted level of $400 billion by the end of 2020.

 

Elsewhere, Norway’s Government Pension Fund Global maintained its top position in the list with assets standing at $1.108 trillion, declining by nearly $78 billion.

 

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 hit $7.83 trillion.

 

                              World’s Largest Sovereign Wealth Funds

 

Ranking

Fund

Country

Asset ($ bln) in August

Assets ($ bln) in September

Change

1

Government Pension Fund - Global

Norway

1186.7

1108.7

(78)

2

China Investment Corporation

China

940.6

940.6

--

3

Abu Dhabi Investment Authority

UAE

579.6

579.6

--

4

Kuwait Investment authority

Kuwait

533.7

533.7

--

5

Hong Kong Monetary Authority Investment Portfolio

China

528.1

528.1

--

6

Government of Singapore Investment Corporation (GIC Private Ltd)

Singapore

453.2

453.2

--

7

Temasek Holdings

Singapore

375.4

417.4

42+

8

Public Investment Fund

Saudi Arabia

360.0

390.0

30+

9

National Council for Social Security Fund

China

325.0

325.0

--

10

Investment Corporation of Dubai

UAE

305.2

305.2

--

 

 

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