SAMA, PIF retain ranks among world's top SWFs

07/01/2018 Argaam Special

 

Saudi Arabian Monetary Authority (SAMA) has retained position as the world’s fifth biggest sovereign fund with a net worth of $494 billion, despite a $20 billion withdrawals from October 2017, SWF Institute’s December 2017 data showed.

 

Saudi Public Investment Fund (PIF) also maintained its 11th spot with assets valued at $223.9 billion. PIF had announced plans to increase its total assets to $400 billion (SAR 1.5 trillion) by the end of 2020.

 

Norway’s Government Pension Fund topped the list of largest Sovereign wealth funds in the world with assets standing at $998.9 billion.

 

China Investment Corporation (CIC) climbed to the second place by $900 billion worth of assets followed by Abu Dhabi Investment Authority and Kuwait Investment Authority (KIA).

 

The combined assets of all sovereign funds under study amounted to $7.58 trillion by the end of 2017, with Saudi Arabia and UAE accounting for 9.5 and 17.2 percent of total assets, respectively.

 

World’s Top 20 Sovereign Funds - 2017

Rank

SWF

Country

Assets 
($ bln)

Change from October

01

Government Pension Fund - global

Norway

998.9

--

02


China Investment Corporation

China

900.0

+86.2

03

 

Abu Dhabi Investment Authority

UAE

828.0

--

04

Kuwait Investment authority

Kuwait

524.0

--

05

SAMA Foreign Holdings

Saudi

494.0

(20.0)

06

Hong Kong Monetary Authority Investment Portfolio

China

456.6

--

07

SAFE Investment Company

China

441.0

--

08

Government of Singapore Investment Corporation

Singapore

359.0

--

09

Qatar Investment Authority

Qatar

320.0

--

10

National Social Security Fund

China

295.0

--

11

Public Investment Fund

Saudi

223.9

--

12

Investment Corporation of Dubai

UAE

209.5

--

13

Temasek Holdings

Singapore

197.0

--

14

Mubadala Investment Company

UAE

125.0

--

15

korea Investment Corporation

South Korea

122.3

--

16

Abu Dhabi Investment Council

UAE

110.0

--

17

Australian Future Fund

Australia

105.4

--

18

National Development Fund of Iran

Iran

91.0

--

19

National Welfare Fund

Russia

72.2

--

20

Libyan Investment Authority

Lybia

66.0

--

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