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

10/12/2015 Argaam Exclusive

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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