List of countries by sovereign wealth funds explained

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, foreign exchange reserves, 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 reserves domestic and reserve foreign currencies such as the dollar, euro, pound sterling and yen. The names attributed to the management entities may include state-owned (federal, state and provincial) central banks, national monetary authorities, official investment companies, sovereign oil funds, pension 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 states have their own SWFs. The list does not include pension funds that do not meet the SWF criteria.

Country width=500 Funds !data-sort-type="number"Assets
USD billion !
Origin
[1] [2] [3] [4] [5] China-Africa Development Fund / China Investment Corporation / National Council for Social Security Fund / State Administration of Foreign Exchange / CNIC Corporation Limited (Guoxin International Investment Co., Ltd.) 2,750 Non-commodity
Monetary Authority of Singapore / Government of Singapore Investment Corporation / Temasek Holdings / Central Provident Fund2,074Non-commodity
Abu Dhabi Developmental Holding Company[6] / Abu Dhabi Investment Authority / Dubai World / Emirates Investment Authority / Investment Corporation of Dubai / Mubadala Investment Company / Ras Al Khaimah Investment Authority / Sharjah Assets Management[7] / Fujairah Holdings[8] 2,040 Oil & Gas / Non-commodity
[9] Government Pension Fund of Norway1,555 Oil & Gas
[10] [11] Public Investment Fund / National Development Fund1,345Oil & Gas
[12] Kuwait Investment Authority / Gulf Investment Corporation / Wafra International Investment Company804Oil & Gas
[13] [14] [15] [16] HK SAR Exchange Fund (HK MAS) / Hong Kong Investment Corporation 576Non-commodity
Qatar Investment Authority450Oil & Gas
Future Fund / Queensland Investment Corporation / Victorian Funds Management Corporation / New South Wales Treasury Corporation357Non-commodity
State-level entities
Alaska Permanent Fund / New Mexico State Investment Council / Permanent Wyoming Mineral Trust Fund / Utah School and Institutional Trust Funds Office / Idaho Endowment Fund Investment Board / Texas Permanent School Fund / Texas Permanent University Fund / Alabama Trust Fund / North Dakota Legacy Fund / Louisiana Education Quality Trust Fund / Oregon Common School Fund / West Virginia Future Fund
322Oil & Gas / Non-commodity /
Minerals / Public Lands
[17] [18] Korea Investment Corporation181Non-commodity
[19] [20] Russian National Wealth Fund / Russian Direct Investment Fund174Oil & Gas / Non-commodity
[21] 156.5Oil & Gas
Samruk-Kazyna[22] / National Investment Corporation 155.1Oil & Gas
[23] Ethiopian Investment Holdings 150.0Non-commodity
[24] [25] [26] [27] Khazanah Nasional / Permodalan Nasional Berhad / Lembaga Tabung Angkatan Tentera / Sarawak Sovereign Wealth Future Fund[28] 119Non-commodity
[29] Azerbaijan Investment Holding / State Oil Fund of Azerbaijan75Oil & Gas
[30] Brunei Investment Agency73Oil & Gas
Natural Gas Revenue Fund66.4Oil & Gas
[31] Libyan Investment Authority38.8Oil & Gas
[32] Oman Investment Authority41.5Oil & Gas
Turkey Wealth Fund34 Non-commodity
Österreichische Beteiligungs AG32 Non-commodity
New Zealand Superannuation Fund27Non-commodity
Economic and Social Stabilization Fund / Pension Reserve Fund 21Copper
[33] Mumtalakat Holding Company18.6Oil & Gas
[34] Timor-Leste Petroleum Fund17Oil & Gas
Alberta Investment Management Corporation / Alberta Heritage Savings Trust Fund16Oil & Gas
National Investment and Infrastructure Fund, Tamil Nadu Industrial Development Corporation12.4Non-commodity
Ireland Strategic Investment Fund12Non-commodity
Fondo de Ahorro y Estabilización Petrolera / Fideicomiso Fondo de Ahorro y Estabilización 12Oil & Gas
CDP Equity, Fondo nazionale del Made in Italy11Oil & Gas / Non-commodity
Maharlika Investment Fund9.2Non-commodity
PakistanPakistan Sovereign Wealth Fund8.0Oil & Gas / Non-commodity
Fondo Mexicano del Petroleo para la Estabilizacion y el Desarrollo7Oil & Gas
The Heritage and Stabilization Fund[35] 6Oil & Gas
[36] Indonesia Investment Authority5.6Non-commodity
Fiscal Stabilization Fund5Non-commodity
Fundo Soberano de Angola5Oil & Gas
[37] Pula Fund4.9Diamonds
Future Heritage Fund[38] [39] / Fiscal Stability Fund[40] 4 Minerals
Danish Growth Fund / Export and Investment Fund of Denmark [41] 4Non-commodity
Nigeria Sovereign Investment Authority / Bayelsa Development and Investment Corporation 2Oil & Gas
Ghana Petroleum Funds / Ghana Infrastructure Investment Fund2Oil & Gas
[42] Israeli Citizens' Fund1.83Gas & Minerals
Fondo de Ahorro de Panamá1.4Non-commodity
State Capital Investment Corporation1.2Non-commodity
Fonds Gabonais d’Investissements Stratégiques 1.0 Oil & Gas
[43] The Sovereign Fund of Egypt11.9 Non-commodity
Fondo para la Revolución Industrial Productiva0.4Non-commodity
Revenue Equalization Reserve Fund0.4Phosphates
Fonds Souverain d'Investissements Stratégiques 0.1Non-commodity
National des Revenus des Hydrocarbures 0.1 Oil & Gas
Réserves pour Générations Futures 0.1 Oil & Gas

References

  1. SWF Institute - Organization dedicated to analyzing Sovereign Wealth Funds and Public Pension Funds

Notes and References

  1. Web site: China Investment Corporation (CIC) - Sovereign Wealth Fund, China - SWFI. 2020-09-15. www.swfinstitute.org.
  2. Web site: China-Africa Development Fund (CAD Fund) - Government Fund, China - SWFI. 2020-09-15. www.swfinstitute.org.
  3. Web site: National Council for Social Security Fund (NSSF) - Sovereign Wealth Fund, China - SWFI. 2020-09-15. www.swfinstitute.org.
  4. Web site: SAFE Investment Company (SAFE) - Government, China - SWFI. 2020-09-15. www.swfinstitute.org.
  5. Web site: CNIC Corporation Limited (Guoxin International Investment Co., Ltd.) - Sovereign Wealth Fund, Hong Kong - SWFI . 2023-12-27 . www.swfinstitute.org.
  6. Web site: Abu Dhabi Developmental Holding Company (ADQ) - Sovereign Wealth Fund, United Arab Emirates - SWFI . 2024-01-06 . www.swfinstitute.org.
  7. Web site: Sharjah Asset Management (Sharjah Asset Management) - Sovereign Wealth Fund, United Arab Emirates - SWFI . 2024-01-06 . www.swfinstitute.org.
  8. Web site: Fujairah Holding (Fujairah Holding) - Sovereign Wealth Fund, United Arab Emirates - SWFI . 2024-01-13 . www.swfinstitute.org.
  9. Web site: Norway Government Pension Fund Global (Norway GPFG) - Sovereign Wealth Funds, Norway - SWFI. 2022-06-12. www.swfinstitute.org.
  10. Web site: Public Investment Fund (PIF) - Sovereign Wealth Fund, Saudi Arabia - SWFI . 2023-06-21 . www.swfinstitute.org.
  11. Web site: Global SWF . 2023-09-09 . globalswf.com . en.
  12. Web site: Kuwait Investment Authority (KIA) - Sovereign Wealth Fund, Kuwait - SWFI. www.swfinstitute.org. 2020-10-14. https://web.archive.org/web/20201008045209/https://www.swfinstitute.org/profile/598cdaa50124e9fd2d05b5f2. 8 October 2020.
  13. Web site: Hong Kong Monetary Authority Investment Portfolio (HKMA IP) - Sovereign Wealth Fund, Hong Kong - SWFI . 2023-12-27 . www.swfinstitute.org.
  14. Web site: Hong Kong Monetary Authority Investment Portfolio (HKMA IP) - Sovereign Wealth Fund, Hong Kong - SWFI . 2020-09-15 . www.swfinstitute.org.
  15. Web site: Hong Kong Future Fund (Hong Kong Future Fund) - Sovereign Wealth Fund, Hong Kong - SWFI . 2020-09-15 . www.swfinstitute.org.
  16. Web site: Hong Kong finally gets its own sovereign wealth fund . 2023-09-09 . chinadailyhk . en.
  17. Web site: Korea Investment Corporation (KIC) - Sovereign Wealth Fund, South Korea - SWFI . 2020-09-15 . www.swfinstitute.org.
  18. Web site: National Pension Service of Korea (NPS) - Sovereign Wealth Fund, South Korea - SWFI . 2022-12-22 . www.swfinstitute.org.
  19. Web site: Russian Direct Investment Fund (RDIF) - Sovereign Wealth Fund, Russia - SWFI . 2024-01-02 . www.swfinstitute.org.
  20. Web site: National Welfare Fund (National Wealth Fund) - Sovereign Wealth Fund, Russia - SWFI . 2024-01-02 . www.swfinstitute.org.
  21. Web site: National Development Fund of Iran (NDFI) - Sovereign Wealth Fund, Iran - SWFI . 2024-01-02 . www.swfinstitute.org.
  22. Web site: Samruk-Kazyna (Samruk Kazyna) - Sovereign Wealth Fund, Kazakhstan - SWFI . 2024-01-06 . www.swfinstitute.org.
  23. Web site: Ethiopian Investment Holdings - Sovereign Wealth Fund, Ethiopia - IFSWF. 2024-05-19. www.ifswf.org.
  24. Web site: Khazanah Nasional (Khazanah) - Sovereign Wealth Fund, Malaysia - SWFI . 2023-12-27 . www.swfinstitute.org.
  25. Web site: Permodalan Nasional (PNB) - Government Fund, Malaysia - SWFI . 2023-12-27 . www.swfinstitute.org.
  26. Web site: Sarawak Sovereign Wealth Future Fund (Sarawak Sovereign Wealth Future Fund) - Sovereign Wealth Fund, Malaysia - SWFI . 2023-12-27 . www.swfinstitute.org.
  27. Web site: Lembaga Tabung Angkatan Tentera (Malaysia’s Armed Forces Fund Board) - Public Pension, Malaysia - SWFI . 2023-12-27 . www.swfinstitute.org.
  28. Web site: Sarawak Sovereign Wealth Future Fund (Sarawak Sovereign Wealth Future Fund) - Sovereign Wealth Fund, Malaysia - SWFI . 2024-01-06 . www.swfinstitute.org.
  29. Web site: State Oil Fund of Azerbaijan (SOFAZ) - Sovereign Wealth Fund, Azerbaijan - SWFI. 2020-09-17. www.swfinstitute.org.
  30. Web site: Brunei Investment Agency (BIA) - Sovereign Wealth Fund, Brunei - SWFI. 2020-09-15. www.swfinstitute.org.
  31. Web site: Libyan Investment Authority (LIA) - Sovereign Wealth Fund, Libya - SWFI. 2020-09-15. www.swfinstitute.org.
  32. Web site: Narayanan. Archana. 2022-11-14. Oman’s Sovereign Wealth Fund Boosts Assets to $41.5 Billion. 2023-06-29. Bloomberg. en.
  33. Web site: Mumtalakat Holding (Mumtalakat) - Sovereign Wealth Fund, Bahrain - SWFI. 2020-09-15. www.swfinstitute.org.
  34. Web site: Timor-Leste Petroleum Fund (Timor-Leste Petroleum Fund) - Sovereign Wealth Fund, East Timor - SWFI . 2023-12-27 . www.swfinstitute.org.
  35. Web site: Heritage and Stabilization Fund (Heritage and Stabilization Fund) - Sovereign Wealth Fund, Trinidad and Tobago - SWFI . 2024-01-06 . www.swfinstitute.org.
  36. Web site: Indonesia Investment Authority (Indonesia Investment Authority) - Sovereign Wealth Fund, Indonesia - SWFI . 2023-12-27 . www.swfinstitute.org.
  37. Web site: Pula Fund (Pula Fund) - Sovereign Wealth Fund, Botswana - SWFI. 2020-09-15. www.swfinstitute.org.
  38. Web site: Future Heritage Fund International Forum of Sovereign Wealth Funds . 2024-01-06 . www.ifswf.org.
  39. Web site: FHF-FSF (Mongolia) - Fund Profile - . 2024-01-06 . globalswf.com . en.
  40. Web site: Mongolia Fiscal Stability Fund (Mongolia Fiscal Stability Fund) - Sovereign Wealth Fund, Mongolia - SWFI . 2024-01-06 . www.swfinstitute.org.
  41. https://www.swfinstitute.org/profile/5e39a2cafcbe7e8ca7140346
  42. Web site: Israeli Citizens Fund (Israeli Citizens Fund) - Sovereign Wealth Fund, Israel - SWFI . 2024-01-25 . www.swfinstitute.org.
  43. Web site: The Sovereign Fund of Egypt (Egypt Fund) - Sovereign Wealth Fund, Egypt - SWFI . 2024-01-25 . www.swfinstitute.org.