List of sovereign wealth funds by country

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. In the United States, several states have their own SWFs. In February 2025, President Donald Trump signed an executive order to establish a national sovereign wealth fund. ^{[1] [2]} The list does not include pension funds that do not meet the SWF criteria.

Country	Funds	Assets USD billion	Origin
China [3] [4] [5] [6] [7]	China-Africa Development Fund / China Investment Corporation / National Council for Social Security Fund / SAFE Investment Company / CNIC Corporation Limited (Guoxin International Investment Co., Ltd.)	2,750	Non-commodity
United Arab Emirates [a]	Abu Dhabi Developmental Holding Company [18] / Abu Dhabi Investment Authority / Dubai World / Emirates Investment Authority / Investment Corporation of Dubai / Mubadala Investment Company / Ras Al Khaimah Investment Authority / Sharjah Assets Management [19] / Fujairah Holdings [20]	2,304	Oil & Gas / Non-commodity
Singapore [b]	Monetary Authority of Singapore / Government of Singapore Investment Corporation / Temasek Holdings / Central Provident Fund	2,074	Non-commodity
Norway [26]	Government Pension Fund of Norway	1,738	Oil & Gas
Saudi Arabia [27] [28]	Public Investment Fund / National Development Fund	1,345	Oil & Gas
Kuwait [29]	Kuwait Investment Authority / Gulf Investment Corporation / Wafra International Investment Company	969	Oil & Gas
Indonesia [30] [31] [32]	Indonesia Investment Authority / Danantara Indonesia Sovereign Fund	600-900 [33] [34] [35] [36]	Mineral, Non-commodity
Hong Kong [37] [38] [39] [40]	HK SAR Exchange Fund (HK MAS) / Hong Kong Investment Corporation [c]	576	Non-commodity
Qatar	Qatar Investment Authority	510	Oil & Gas
Australia	Future Fund / Queensland Investment Corporation / Victorian Funds Management Corporation / New South Wales Treasury Corporation	357	Non-commodity
United States	United States sovereign wealth fund [1] [41] 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	332	Oil & Gas / Non-commodity / Minerals / Public Lands
Turkey [42] [43]	Turkey Wealth Fund	318	Non-commodity
South Korea [44] [45]	Korea Investment Corporation	181	Non-commodity
Russia [46] [47]	Russian National Wealth Fund / Russian Direct Investment Fund	174	Oil & Gas / Non-commodity
Iran [48]	National Development Fund of Iran	156.5	Oil & Gas
Kazakhstan	Samruk-Kazyna [49] / National Investment Corporation	155.1	Oil & Gas
Malaysia [50] [51] [52] [53]	Khazanah Nasional / Permodalan Nasional Berhad / Lembaga Tabung Angkatan Tentera / Sarawak Sovereign Wealth Future Fund [54]	119	Non-commodity
Azerbaijan [55]	Azerbaijan Investment Holding / State Oil Fund of Azerbaijan	75	Oil & Gas
Brunei [56]	Brunei Investment Agency	73	Oil & Gas
Tanzania	Natural Gas Revenue Fund	66.4	Oil & Gas
Oman [57]	Oman Investment Authority	53	Oil & Gas
Ethiopia [58]	Ethiopian Investment Holdings	46.0	Non-commodity
Libya [59]	Libyan Investment Authority	38.8	Oil & Gas
Austria	Österreichische Beteiligungs AG	32	Non-commodity
New Zealand	New Zealand Superannuation Fund	27	Non-commodity
Ireland [60] [61]	Ireland Strategic Investment Fund / Future Ireland Fund	25.2	Non-commodity
Chile	Economic and Social Stabilization Fund / Pension Reserve Fund	21	Copper
Bahrain [62]	Mumtalakat Holding Company	18.6	Oil & Gas
Timor-Leste [63]	Timor-Leste Petroleum Fund	17	Oil & Gas
Canada	Alberta Investment Management Corporation / Alberta Heritage Savings Trust Fund	16	Oil & Gas
India	National Investment and Infrastructure Fund, Tamil Nadu Industrial Development Corporation	12.4	Non-commodity
Colombia	Fondo de Ahorro y Estabilización Petrolera / Fideicomiso Fondo de Ahorro y Estabilización	12	Oil & Gas
Greece [64]	Growthfund	12	Non-commodity
Egypt [65]	The Sovereign Fund of Egypt	11.9	Non-commodity
Italy	CDP Equity, Fondo nazionale del Made in Italy	11	Oil & Gas / Non-commodity
Philippines	Maharlika Investment Fund	9.2	Non-commodity
Pakistan	Pakistan Sovereign Wealth Fund	8.0	Oil & Gas / Non-commodity
Mexico	Fondo Mexicano del Petroleo para la Estabilizacion y el Desarrollo	7	Oil & Gas
Spain	Cofides [66]	6	Non-commodity
Trinidad and Tobago	The Heritage and Stabilization Fund [67]	6	Oil & Gas
Peru	Fiscal Stabilization Fund	5	Non-commodity
Angola	Fundo Soberano de Angola	5	Oil & Gas
Botswana [68]	Pula Fund	4.9	Diamonds
Mongolia	Chinggis Fund / Future Heritage Fund [69] [70] / Fiscal Stability Fund [71]	4	Minerals
Denmark	Danish Growth Fund / Export and Investment Fund of Denmark [72]	4	Non-commodity
Israel [73] [74]	Israeli Citizens' Fund	2.08	Gas & Minerals
Nigeria	Nigeria Sovereign Investment Authority / Bayelsa Development and Investment Corporation	2	Oil & Gas
Ghana	Ghana Petroleum Funds / Ghana Infrastructure Investment Fund	2	Oil & Gas
Gabon	Fonds Gabonais d’Investissements Stratégiques [75]	1.89	Oil & Gas
Panama	Fondo de Ahorro de Panamá	1.4	Non-commodity
Vietnam	State Capital Investment Corporation	1.2	Non-commodity
Senegal	Fonds Souverain d'Investissements Stratégiques [76]	1.2	Non-commodity
Kiribati	Revenue Equalization Reserve Fund	1.0	Phosphates
Bolivia	Fondo para la Revolución Industrial Productiva	0.4	Non-commodity
Brazil	Fundo Soberano de Estado do Espirito Santo	0.2	Oil & Gas
Mauritania	National des Revenus des Hydrocarbures	0.1	Oil & Gas
Equatorial Guinea	Réserves pour Générations Futures	0.1

Notes

1. ^{[8] [9] [10] [11] [12] [13] [14] [15] [16] [17]}
2. ^{[21] [22] [23] [24] [25]}
3. Hong Kong Government's stake in the Mass Transit Railway Corporation (MTRCL) and the Airport Authority (AA), both of which also invest and operate outside Hong Kong's border, are not included.

References

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2. "Trump orders creation of US sovereign wealth fund, says it could buy TikTok". Reuters. 4 February 2025.
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4. "China-Africa Development Fund (CAD Fund) - Government Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
5. "National Council for Social Security Fund (NSSF) - Sovereign Wealth Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
6. "SAFE Investment Company (SAFE) - Government, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
7. "CNIC Corporation Limited (Guoxin International Investment Co., Ltd.) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
8. "ADQ (UAE - Abu Dhabi) - Fund Profile -". globalswf.com. Retrieved 2023-09-07.
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14. SAMH. "Sharjah Asset Management – The Investment Arm of the Government of Sharjah". Archived from the original on 23 August 2021. Retrieved 23 August 2021.
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20. "Fujairah Holding (Fujairah Holding) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2024-01-13.
21. "GIC Private Limited (GIC) - Sovereign Wealth Fund, Singapore - SWFI". www.swfinstitute.org. Retrieved 2022-12-08.
22. "Temasek Holdings (Temasek) - Sovereign Wealth Fund, Singapore - SWFI". www.swfinstitute.org. Retrieved 2022-12-08.
23. "Central Provident Fund (CPF) - Public Pension, Singapore - SWFI". www.swfinstitute.org. Retrieved 2022-12-08.
24. "Monetary Authority of Singapore (MAS) - Central Bank, Singapore - SWFI". www.swfinstitute.org. Retrieved 2023-03-28.
25. "MAS Transfers S$75 Billion Excess Official Foreign Reserves to the Government". www.mas.gov.sg. Retrieved 2022-12-08.
26. "Norway Government Pension Fund Global (Norway GPFG) - Sovereign Wealth Funds, Norway - SWFI". www.swfinstitute.org. Retrieved 2022-06-12.
27. "Public Investment Fund (PIF) - Sovereign Wealth Fund, Saudi Arabia - SWFI". www.swfinstitute.org. Retrieved 2023-06-21.
28. "Global SWF". globalswf.com. Retrieved 2023-09-09.
29. "Kuwait Investment Authority (KIA) - Sovereign Wealth Fund, Kuwait - SWFI". www.swfinstitute.org. Archived from the original on 8 October 2020. Retrieved 2020-10-14.
30. "Largest And Global Sovereign Wealth Fund Institute | SWFI". www.swfinstitute.org. Retrieved 2025-05-03.
31. "Can Danantara deliver? Indonesia's sovereign fund vows to be 'super transparent'". South China Morning Post. 2025-03-31. Retrieved 2025-05-03.
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33. "Largest and Global Sovereign Wealth Fund Institute | SWFI".
34. "Ranked: The Largest Sovereign Wealth Funds in the World". 13 February 2025.

35. //www.linkedin.com/pulse/danantara-900-billion-dollar-leap-faith-indonesias-future-mckiernon-govrc/

36. "Managing Assets of up to IDR 15,000 Trillion, Danantara's Fate in the Hands of a New Captain". 24 February 2025.
37. "Hong Kong Monetary Authority Investment Portfolio (HKMA IP) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
38. "Hong Kong Monetary Authority Investment Portfolio (HKMA IP) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
39. "Hong Kong Future Fund (Hong Kong Future Fund) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
40. "Hong Kong finally gets its own sovereign wealth fund". chinadailyhk. Retrieved 2023-09-09.^{[ better source needed ]}
41. "What is a sovereign wealth fund?". reuters.com. reuters.com. 4 February 2025. Retrieved 4 February 2025.
42. "Turkey Wealth Fund Integrated Annual Report 2022" (PDF). Turkey Wealth Fund. Retrieved 30 Nov 2024.
43. "Turkey Wealth Fund - Top1000funds.com" . Retrieved 2025-08-22.
44. "Korea Investment Corporation (KIC) - Sovereign Wealth Fund, South Korea - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
45. "National Pension Service of Korea (NPS) - Sovereign Wealth Fund, South Korea - SWFI". www.swfinstitute.org. Retrieved 2022-12-22.
46. "Russian Direct Investment Fund (RDIF) - Sovereign Wealth Fund, Russia - SWFI". www.swfinstitute.org. Retrieved 2024-01-02.
47. "National Welfare Fund (National Wealth Fund) - Sovereign Wealth Fund, Russia - SWFI". www.swfinstitute.org. Retrieved 2024-01-02.
48. "National Development Fund of Iran (NDFI) - Sovereign Wealth Fund, Iran - SWFI". www.swfinstitute.org. Retrieved 2024-01-02.
49. "Samruk-Kazyna (Samruk Kazyna) - Sovereign Wealth Fund, Kazakhstan - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
50. "Khazanah Nasional (Khazanah) - Sovereign Wealth Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
51. "Permodalan Nasional (PNB) - Government Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
52. "Sarawak Sovereign Wealth Future Fund (Sarawak Sovereign Wealth Future Fund) - Sovereign Wealth Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
53. "Lembaga Tabung Angkatan Tentera (Malaysia's Armed Forces Fund Board) - Public Pension, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
54. "Sarawak Sovereign Wealth Future Fund (Sarawak Sovereign Wealth Future Fund) - Sovereign Wealth Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
55. "State Oil Fund of Azerbaijan (SOFAZ) - Sovereign Wealth Fund, Azerbaijan - SWFI". www.swfinstitute.org. Retrieved 2020-09-17.
56. "Brunei Investment Agency (BIA) - Sovereign Wealth Fund, Brunei - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
57. Narayanan, Archana (2022-11-14). "Oman's Sovereign Wealth Fund Boosts Assets to $41.5 Billion". Bloomberg. Retrieved 2023-06-29.
58. "Ethiopian Investment Holdings - Sovereign Wealth Fund, Ethiopia - IFSWF". www.ifswf.org. Retrieved 2024-05-19.
59. "Libyan Investment Authority (LIA) - Sovereign Wealth Fund, Libya - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
60. "Ireland Strategic Investment Fund (ISIF) - Sovereign Wealth Fund, Ireland - SWFI". www.swfinstitute.org. Retrieved 2024-11-09.
61. "Future Ireland Fund - Sovereign Wealth Fund, Ireland - SWFI". www.swfinstitute.org. Retrieved 2024-11-09.
62. "Mumtalakat Holding (Mumtalakat) - Sovereign Wealth Fund, Bahrain - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
63. "Timor-Leste Petroleum Fund (Timor-Leste Petroleum Fund) - Sovereign Wealth Fund, East Timor - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
64. "GrowthFund (Greece) - Fund Profile -". globalswf.com. Retrieved 2025-08-31.
65. "The Sovereign Fund of Egypt (Egypt Fund) - Sovereign Wealth Fund, Egypt - SWFI". www.swfinstitute.org. Retrieved 2024-01-25.
66. "COFIDES (Spain) - Fund Profile -". globalswf.com. Retrieved 2025-08-31.
67. "Heritage and Stabilization Fund (Heritage and Stabilization Fund) - Sovereign Wealth Fund, Trinidad and Tobago - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
68. "Pula Fund (Pula Fund) - Sovereign Wealth Fund, Botswana - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
69. "Future Heritage Fund | International Forum of Sovereign Wealth Funds". www.ifswf.org. Retrieved 2024-01-06.
70. "FHF-FSF (Mongolia) - Fund Profile -". globalswf.com. Retrieved 2024-01-06.
71. "Mongolia Fiscal Stability Fund (Mongolia Fiscal Stability Fund) - Sovereign Wealth Fund, Mongolia - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
72. "Sovereign Wealth Fund Institute - SWFI".
73. "Israeli Citizens Fund (Israeli Citizens Fund) - Sovereign Wealth Fund, Israel - SWFI". www.swfinstitute.org. Retrieved 2024-01-25.
74. "Citizens of Israel fund". Mof. Retrieved 2025-08-27.
75. "FGIS (Gabon) - Fund Profile -". globalswf.com. Retrieved 2025-09-01.
76. "FONSIS (Senegal) - Fund Profile -". globalswf.com. Retrieved 2025-09-01.

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