SAMA continues to hold the 6th largest SWF rank in 2018

24/12/2018 Argaam Special

 

Saudi Arabian Monetary Authority (SAMA) has retained its position as the world’s sixth largest sovereign wealth fund (SWF) with a net worth of $515.6 billion, the November 2018 data from SWF Institute showed.

 

Meanwhile, the Saudi Public Investment Fund (PIF) maintained its 10th spot with assets valued at $360 billion.

 

PIF had already announced plans to increase its total assets to nearly $600 billion by the end of 2020.

 

Norway’s Government Pension Fund topped the list of SWFs with assets standing at $1.058 trillion.

 

China Investment Corporation (CIC) came in the second with $941.4 billion worth of assets. It was followed by Abu Dhabi Investment Authority ($683 billion) and Kuwait Investment Authority (KIA) with $592 billion worth of assets.

 

The assets of Investment Corporation of Dubai grew by $4 billion to $233.8 billion in November.

 

The combined assets of all sovereign funds under study amounted to $8.11 trillion by the end of November 2018, with Saudi Arabia and UAE accounting for 10.8 and 14.5 percent of total assets, respectively.

 

World’s Largest Sovereign Wealth Funds

Ranking

Fund

Country

Asset

($ bln)

Variation compared to June 2018

($ bln)

1

Government Pension Fund - global

Norway

1,058.05

--

2

China Investment Corporation

China

941.4

--

3

Abu Dhabi Investment Authority

UAE

683.0

--

4

Kuwait Investment authority

Kuwait

592.0

--

5

Hong Kong Monetary Authority Investment Portfolio

China

522.6

--

6

SAMA Foreign Holdings

Saudi Arabia

515.6

--

7

SAFE Investment Company

China

441.0

--

8

Government of Singapore Investment Corporation

Singapore

390.0

--

9

Temasek Holdings

Singapore

375.0

--

10

Public Investment Fund

Saudi Arabia

360.0

--

11

Qatar Investment Authority

Qatar

320.0

--

12

National Social Security Fund

China

295.0

--

13

Investment corporation of Dubai

UAE

233.8

+4

14

Mubadala Investment Company

UAE

226.0

--

15

Korea investment corporation

South Korea

134.1

--

16

Australian Future Fund

Australia

107.7

--

17

National Development Fund of Iran

Iran

91.0

--

18

National Welfare Fund

Russia

77.2

--

19

Libyan Investment Authority

Libya

66.0

--

20

Alaska Permanent Fund

USA

65.7

--

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