Saudi, UAE sovereign funds among world’s largest

11/02/2019 Argaam Special

 

The kingdom’s SAMA Foreign Holdings fund, which was placed sixth on the list, saw its asset value at $515.6 billion in February.

 

Elsewhere in the region, the Abu Dhabi Investment Authority (ADIA) ranked third on the list after Norway and China, with $697 billion in assets. The Kuwait Investment Authority (KIA) claimed the fourth spot with assets worth $592 billion, while Investment Corporation of Dubai placed 13th at $233.8 billion.

 

Norway's Government Pension Fund maintained its ranking as the world's largest sovereign wealth fund, with assets reaching $1.07 trillion during the period.

 

SWFs’ gross assets reached around $8.14 trillion in February. Saudi Arabia holds a 10.8 percent share of the world’s wealth funds, or $875.6 billion, while the UAE controls 14.6 percent, or $1190.8 billion.

 

World’s Largest Sovereign Wealth Funds

Ranking

Fund

Country

Asset

($ bln)

Variation compared to June 2018

($ bln)

1

Government Pension Fund - global

Norway

1,074.6

+ 16.6

2

China Investment Corporation

China

941.4

--

3

Abu Dhabi Investment Authority

UAE

697.0

+ 14.0

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

--

14

Mubadala Investment Company

UAE

226.0

--

15

Korea investment corporation

South Korea

134.1

--

16

Australian Future Fund

Australia

103.0

(4.7)

17

National Development Fund of Iran

Iran

91.0

--

18

National Welfare Fund

Russia

68.5

(8.7)

19

Libyan Investment Authority

Libya

66.0

--

20

Alaska Permanent Fund

USA

65.7

--

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