List of countries by sovereign wealth funds
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and International Monetary Fund (IMF) reserve position held by central banks and monetary authorities, along with other national assets such as pension investments, oil funds, or other industrial and financial holdings. These are assets of the sovereign nations which are typically held in domestic and different reserve currencies such as the dollar, euro and yen. The names attributed to the management entities may include central banks, official investment companies, state pension funds, sovereign oil funds, among others.
Some countries may have more than one SWF. Also, while the United States does not have a federal sovereign wealth fund, several of its constituent states have their own SWFs, and one state, Texas, has two.
Rank | Country | Funds | Assets (USD Billion) | Origin |
---|---|---|---|---|
1 | Norway[1] | GPF/Norwegian Church Endowment | 2,322.6 | Oil & Gas |
2 | China[2][3][4][5][6][7] | SAFE / CADF / Exchange Fund / CIC / / NSSF | 2,244.4 | Non-commodity |
3 | United Arab Emirates | ADIA / EIA /MIC /Dubai Inc. /Sharjah Assets Management / Ras Al Khaimah Investment Authority / Ajman Holding / Fujairah Holding | 1,363.0 | Oil & Gas |
4 | Saudi Arabia[8][9] | PIF | 1,000 | Oil & Gas |
5 | Kuwait[10] | KIA, GIC, Wafra | 712 | Oil & Gas |
6 | Singapore | GIC / TH | 703 | Non-commodity |
7 | Qatar | QIA | 345 | Oil & Gas |
8 | Australia | FF / WAFF / QIC / VFMC / TCorp | 297 | Non-commodity |
9 | United States | APFC / NMSIC / PWMTF / SIFTO / IEFIB / PSF / PUF | 240 | Oil & Gas / Non-commodity / Minerals / Public Lands |
10 | Russia | NWF / RDIF | 191 | Oil & Gas / Non-commodity |
11 | South Korea[11] | KIC | 157.3 | Non-commodity |
12 | Kazakhstan | Samruk-Kazyna/ KNF / NIC | 133 | Oil & Gas |
13 | Iran[12] | NDFI | 91 | Oil & Gas |
14 | Libya[13] | LIA | 66 | Oil & Gas |
15 | Brunei[14] | BIA | 60 | Oil & Gas |
16 | Azerbaijan[15] | SOFAZ | 42.4 | Oil & Gas |
17 | Malaysia | KN / Malaysian Investment Development Authority/ Permodalan Nasional Berhad/Johor Corporation | 37 | Non-commodity |
18 | Turkey | Turkey Wealth Fund | 34 | Non-commodity |
19 | France | Bpifrance/Caisse des dépôts et consignations | 33 | Non-commodity |
20 | New Zealand | NZSF | 27 | Non-commodity |
21 | Chile | / PRF | 21 | Copper |
22 | Bahrain[16] | BMHC | 18.6 | Oil & Gas |
23 | East Timor | TLPF | 18 | Oil & Gas |
24 | Oman[17] | OIA | 14.3 | Oil & Gas |
25 | Ireland | ISIF | 12 | Non-commodity |
26 | Colombia | FAEP / FLAR | 12 | Oil & Gas |
27 | Tamil Nadu[18] | TIDCO | 8.4 | Non-commodity |
28 | Mexico | Fondo Mexicano del Petroleo para la Estabilizacion y el Desarrollo | 7 | Oil & Gas |
29 | Trinidad and Tobago | 6 | Oil & Gas | |
30 | Indonesia | INA | 5.3 | Non-commodity |
31 | Peru | FEF | 5 | Non-commodity |
32 | Angola | FSDEA | 5 | Oil & Gas |
33 | Botswana[19] | Pula Fund | 4.9 | Diamonds |
34 | India | NIIF | 4 | Non-commodity |
35 | Mongolia | FHF / FSF | 4 | Minerals |
36 | Nigeria | NSIA / BDIC | 2 | Oil & Gas |
37 | Ghana | GPF / GIIF | 2 | Oil & Gas |
38 | Panama | FAP | 1.4 | Non-commodity |
39 | Vietnam | SCIC | 1.2 | Non-commodity |
40 | Palestine | PIF | 1.0 | Non-commodity |
41 | Gabon | FGIS | 1.0 | Oil & Gas |
42 | Bolivia | FINPRO | 0.4 | Non-commodity |
43 | Kiribati | RERF | 0.4 | Phosphates |
44 | Senegal | FONSIS | 0.1 | Non-commodity |
45 | Mauritania | NFHR | 0.1 | Oil & Gas |
46 | Equatorial Guinea | FRGF | 0.1 | Oil & Gas |
47 | Austria | Österreichische Beteiligungs AG | 32 | |
48 | Canada | Alberta Investment Management Corporation/Alberta Heritage Savings Trust Fund/CPP Investment Board/Caisse de dépôt et placement du Québec/Ontario Teachers' Pension Plan/OMERS | Non-commodity |
References[]
- ^ "Norway Government Pension Fund Global (Norway GPFG) - Sovereign Wealth Funds, Norway - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "Hong Kong Monetary Authority Investment Portfolio (HKMA IP) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "Hong Kong Future Fund (Hong Kong Future Fund) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "China Investment Corporation (CIC) - Sovereign Wealth Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "China-Africa Development Fund (CAD Fund) - Government Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "National Council for Social Security Fund (NSSF) - Sovereign Wealth Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "SAFE Investment Company (SAFE) - Government, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "Saudi Arabian Monetary Authority (SAMA) - Central Bank, Saudi Arabia - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "Public Investment Fund (PIF) - Sovereign Wealth Fund, Saudi Arabia - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "Kuwait Investment Authority (KIA) - Sovereign Wealth Fund, Kuwait - SWFI". www.swfinstitute.org. Archived from the original on 8 October 2020. Retrieved 2020-10-14.
- ^ "Korea Investment Corporation (KIC) - Sovereign Wealth Fund, South Korea - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "National Development Fund of Iran (NDFI) - Sovereign Wealth Fund, Iran - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "Libyan Investment Authority (LIA) - Sovereign Wealth Fund, Libya - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "Brunei Investment Agency (BIA) - Sovereign Wealth Fund, Brunei - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "State Oil Fund of Azerbaijan (SOFAZ) - Sovereign Wealth Fund, Azerbaijan - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ "Mumtalakat Holding (Mumtalakat) - Sovereign Wealth Fund, Bahrain - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- ^ Castelier, Sebastian (2020-05-01). "Oman's sovereign wealth fund under pressure". Al-Monitor. Retrieved 2020-09-15.
- ^ "Tamilnadu Industrial Development Corporation Ltd's Portfolio and HoldingsI". trendlyne.com. Retrieved 2022-02-24.
- ^ "Pula Fund (Pula Fund) - Sovereign Wealth Fund, Botswana - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
- SWF Institute - Organization dedicated to analyzing Sovereign Wealth Funds and Public Pension Funds
- Lists of countries by economic indicator
- Sovereign wealth funds