List of countries by sovereign wealth funds

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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.

CountryFundsAssets
USD billion		Origin
Flag of the People's Republic of China.svg  China [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.)2,750Non-commodity
Flag of Singapore.svg  Singapore [lower-alpha 1] Monetary Authority of Singapore / Government of Singapore Investment Corporation / Temasek Holdings / Central Provident Fund 2,074Non-commodity
Flag of the United Arab Emirates.svg  United Arab Emirates [lower-alpha 2] Abu Dhabi Developmental Holding Company [21] / Abu Dhabi Investment Authority / Dubai World / Emirates Investment Authority / Investment Corporation of Dubai / Mubadala Investment Company / Ras Al Khaimah Investment Authority / Sharjah Assets Management [22] / Fujairah Holdings [23] 2,040Oil & Gas / Non-commodity
Flag of Norway.svg  Norway [24] Government Pension Fund of Norway 1,555Oil & Gas
Flag of Saudi Arabia.svg  Saudi Arabia [25] [26] Public Investment Fund / National Development Fund 1,345Oil & Gas
Flag of Kuwait.svg  Kuwait [27] Kuwait Investment Authority / Gulf Investment Corporation / Wafra International Investment Company804Oil & Gas
Flag of Hong Kong.svg  Hong Kong [28] [29] [30] [31] HK SAR Exchange Fund (HK MAS) / Hong Kong Investment Corporation [lower-alpha 3] 576.1Non-commodity
Flag of Qatar.svg  Qatar Qatar Investment Authority 450Oil & Gas
Flag of Australia (converted).svg  Australia Future Fund / Queensland Investment Corporation / Victorian Funds Management Corporation / New South Wales Treasury Corporation357Non-commodity
Flag of the United States (23px).png  United States [lower-alpha 4] 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
Flag of South Korea.svg  South Korea [32] [33] Korea Investment Corporation 181Non-commodity
Flag of Russia.svg  Russia [34] [35] Russian National Wealth Fund / Russian Direct Investment Fund 174Oil & Gas / Non-commodity
Flag of Iran.svg  Iran [36] National Development Fund of Iran 156.5Oil & Gas
Flag of Kazakhstan.svg  Kazakhstan Samruk-Kazyna [37] / National Investment Corporation155.1Oil & Gas
Flag of Malaysia.svg  Malaysia [38] [39] [40] [41] Khazanah Nasional / Permodalan Nasional Berhad / Lembaga Tabung Angkatan Tentera / Sarawak Sovereign Wealth Future Fund [42] 119Non-commodity
Flag of Azerbaijan.svg  Azerbaijan [43] Azerbaijan Investment Holding / State Oil Fund of Azerbaijan 75Oil & Gas
Flag of Brunei.svg  Brunei [44] Brunei Investment Agency 73Oil & Gas
Flag of Tanzania.svg  Tanzania Natural Gas Revenue Fund 66.4Oil & Gas
Flag of Libya.svg  Libya [45] Libyan Investment Authority 38.8Oil & Gas
Flag of Oman.svg  Oman [46] Oman Investment Authority 41.5Oil & Gas
Flag of Turkey.svg  Turkey Turkey Wealth Fund 34Non-commodity
Flag of Austria.svg  Austria Österreichische Beteiligungs AG 32Non-commodity
Flag of New Zealand.svg  New Zealand New Zealand Superannuation Fund 27Non-commodity
Flag of Chile.svg  Chile Economic and Social Stabilization Fund / Pension Reserve Fund21Copper
Flag of Bahrain.svg  Bahrain [47] Mumtalakat Holding Company 18.6Oil & Gas
Flag of East Timor.svg  East Timor [48] Timor-Leste Petroleum Fund 17Oil & Gas
Flag of Canada (Pantone).svg  Canada Alberta Investment Management Corporation / Alberta Heritage Savings Trust Fund 16Oil & Gas
Flag of India.svg  India National Investment and Infrastructure Fund, Tamil Nadu Industrial Development Corporation 12.4Non-commodity
Flag of Ireland.svg  Ireland Ireland Strategic Investment Fund12Non-commodity
Flag of Colombia.svg  Colombia Fondo de Ahorro y Estabilización Petrolera / Fideicomiso Fondo de Ahorro y Estabilización12Oil & Gas
Flag of Italy.svg  Italy CDP Equity, Fondo nazionale del Made in Italy11Oil & Gas / Non-commodity
Flag of the Philippines.svg  Philippines Maharlika Investment Fund 9.2Non-commodity
Flag of Pakistan.svg  Pakistan Pakistan Sovereign Wealth Fund8.0Oil & Gas / Non-commodity
Flag of Mexico.svg  Mexico Fondo Mexicano del Petroleo para la Estabilizacion y el Desarrollo 7Oil & Gas
Flag of Trinidad and Tobago.svg  Trinidad and Tobago The Heritage and Stabilization Fund [49] 6Oil & Gas
Flag of Indonesia.svg  Indonesia [50] Indonesia Investment Authority 5.6Non-commodity
Flag of Peru.svg  Peru Fiscal Stabilization Fund5Non-commodity
Flag of Angola.svg  Angola Fundo Soberano de Angola 5Oil & Gas
Flag of Botswana.svg  Botswana [51] Pula Fund 4.9Diamonds
Flag of Mongolia.svg  Mongolia Future Heritage Fund [52] [53] / Fiscal Stability Fund [54] 4Minerals
Flag of Denmark.svg  Denmark Danish Growth Fund / Export and Investment Fund of Denmark [55] 4

Non-commodity

Flag of Nigeria.svg  Nigeria Nigeria Sovereign Investment Authority / Bayelsa Development and Investment Corporation2Oil & Gas
Flag of Ghana.svg  Ghana Ghana Petroleum Funds / Ghana Infrastructure Investment Fund2Oil & Gas
Flag of Panama.svg  Panama Fondo de Ahorro de Panamá1.4Non-commodity
Flag of Israel.svg  Israel [56] Israeli Citizens' Fund 1.01Gas & Minerals
Flag of Vietnam.svg  Vietnam State Capital Investment Corporation 1.2Non-commodity
Flag of Gabon.svg  Gabon Fonds Gabonais d’Investissements Stratégiques1.0Oil & Gas
Flag of Egypt.svg  Egypt [57] The Sovereign Fund of Egypt 11.9Non-commodity
Bandera de Bolivia (Estado).svg  Bolivia Fondo para la Revolución Industrial Productiva0.4Non-commodity
Flag of Kiribati.svg  Kiribati Revenue Equalization Reserve Fund 0.4Phosphates
Flag of Senegal.svg  Senegal Fonds Souverain d'Investissements Stratégiques0.1Non-commodity
Flag of Mauritania.svg  Mauritania National des Revenus des Hydrocarbures0.1Oil & Gas
Flag of Equatorial Guinea.svg  Equatorial Guinea Réserves pour Générations Futures0.1Oil & Gas

Notes

  1. ↑ [6] [7] [8] [9] [10]
  2. ↑ [11] [12] [13] [14] [15] [16] [17] [18] [19] [20]
  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.
  4. ↑ The United States maintains no such wealth funds at the federal-level.

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    References

    1. ↑ "China Investment Corporation (CIC) - Sovereign Wealth Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
    2. ↑ "China-Africa Development Fund (CAD Fund) - Government Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
    3. ↑ "National Council for Social Security Fund (NSSF) - Sovereign Wealth Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
    4. ↑ "SAFE Investment Company (SAFE) - Government, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
    5. ↑ "CNIC Corporation Limited (Guoxin International Investment Co., Ltd.) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
    6. ↑ "GIC Private Limited (GIC) - Sovereign Wealth Fund, Singapore - SWFI". www.swfinstitute.org. Retrieved 2022-12-08.
    7. ↑ "Temasek Holdings (Temasek) - Sovereign Wealth Fund, Singapore - SWFI". www.swfinstitute.org. Retrieved 2022-12-08.
    8. ↑ "Central Provident Fund (CPF) - Public Pension, Singapore - SWFI". www.swfinstitute.org. Retrieved 2022-12-08.
    9. ↑ "Monetary Authority of Singapore (MAS) - Central Bank, Singapore - SWFI". www.swfinstitute.org. Retrieved 2023-03-28.
    10. ↑ "MAS Transfers S$75 Billion Excess Official Foreign Reserves to the Government". www.mas.gov.sg. Retrieved 2022-12-08.
    11. ↑ "ADQ (UAE - Abu Dhabi) - Fund Profile -". globalswf.com. Retrieved 2023-09-07.
    12. ↑ "Abu Dhabi Investment Authority (ADIA) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2023-09-07.
    13. ↑ "ADPF (UAE - Abu Dhabi) - Fund Profile -". globalswf.com. Retrieved 2023-09-07.
    14. ↑ "Dubai World (UAE - Dubai) - Fund Profile -". globalswf.com. Retrieved 2023-09-07.
    15. ↑ "Emirates Investment Authority (EIA) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2023-09-07.
    16. ↑ "Mubadala Investment Company (Mubadala) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2023-09-07.
    17. ↑ 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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    23. ↑ "Fujairah Holding (Fujairah Holding) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2024-01-13.
    24. ↑ "Norway Government Pension Fund Global (Norway GPFG) - Sovereign Wealth Funds, Norway - SWFI". www.swfinstitute.org. Retrieved 2022-06-12.
    25. ↑ "Public Investment Fund (PIF) - Sovereign Wealth Fund, Saudi Arabia - SWFI". www.swfinstitute.org. Retrieved 2023-06-21.
    26. ↑ "Global SWF". globalswf.com. Retrieved 2023-09-09.
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    28. ↑ "Hong Kong Monetary Authority Investment Portfolio (HKMA IP) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
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    30. ↑ "Hong Kong Future Fund (Hong Kong Future Fund) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
    31. ↑ "Hong Kong finally gets its own sovereign wealth fund". chinadailyhk. Retrieved 2023-09-09.[ better source needed ]
    32. ↑ "Korea Investment Corporation (KIC) - Sovereign Wealth Fund, South Korea - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
    33. ↑ "National Pension Service of Korea (NPS) - Sovereign Wealth Fund, South Korea - SWFI". www.swfinstitute.org. Retrieved 2022-12-22.
    34. ↑ "Russian Direct Investment Fund (RDIF) - Sovereign Wealth Fund, Russia - SWFI". www.swfinstitute.org. Retrieved 2024-01-02.
    35. ↑ "National Welfare Fund (National Wealth Fund) - Sovereign Wealth Fund, Russia - SWFI". www.swfinstitute.org. Retrieved 2024-01-02.
    36. ↑ "National Development Fund of Iran (NDFI) - Sovereign Wealth Fund, Iran - SWFI". www.swfinstitute.org. Retrieved 2024-01-02.
    37. ↑ "Samruk-Kazyna (Samruk Kazyna) - Sovereign Wealth Fund, Kazakhstan - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
    38. ↑ "Khazanah Nasional (Khazanah) - Sovereign Wealth Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
    39. ↑ "Permodalan Nasional (PNB) - Government Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
    40. ↑ "Sarawak Sovereign Wealth Future Fund (Sarawak Sovereign Wealth Future Fund) - Sovereign Wealth Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
    41. ↑ "Lembaga Tabung Angkatan Tentera (Malaysia's Armed Forces Fund Board) - Public Pension, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
    42. ↑ "Sarawak Sovereign Wealth Future Fund (Sarawak Sovereign Wealth Future Fund) - Sovereign Wealth Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
    43. ↑ "State Oil Fund of Azerbaijan (SOFAZ) - Sovereign Wealth Fund, Azerbaijan - SWFI". www.swfinstitute.org. Retrieved 2020-09-17.
    44. ↑ "Brunei Investment Agency (BIA) - Sovereign Wealth Fund, Brunei - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
    45. ↑ "Libyan Investment Authority (LIA) - Sovereign Wealth Fund, Libya - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
    46. ↑ Narayanan, Archana (2022-11-14). "Oman's Sovereign Wealth Fund Boosts Assets to $41.5 Billion". Bloomberg. Retrieved 2023-06-29.
    47. ↑ "Mumtalakat Holding (Mumtalakat) - Sovereign Wealth Fund, Bahrain - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
    48. ↑ "Timor-Leste Petroleum Fund (Timor-Leste Petroleum Fund) - Sovereign Wealth Fund, East Timor - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
    49. ↑ "Heritage and Stabilization Fund (Heritage and Stabilization Fund) - Sovereign Wealth Fund, Trinidad and Tobago - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
    50. ↑ "Indonesia Investment Authority (Indonesia Investment Authority) - Sovereign Wealth Fund, Indonesia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
    51. ↑ "Pula Fund (Pula Fund) - Sovereign Wealth Fund, Botswana - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
    52. ↑ "Future Heritage Fund | International Forum of Sovereign Wealth Funds". www.ifswf.org. Retrieved 2024-01-06.
    53. ↑ "FHF-FSF (Mongolia) - Fund Profile -". globalswf.com. Retrieved 2024-01-06.
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    55. ↑ https://www.swfinstitute.org/profile/5e39a2cafcbe7e8ca7140346
    56. ↑ "Israeli Citizens Fund (Israeli Citizens Fund) - Sovereign Wealth Fund, Israel - SWFI". www.swfinstitute.org. Retrieved 2024-01-25.
    57. ↑ "The Sovereign Fund of Egypt (Egypt Fund) - Sovereign Wealth Fund, Egypt - SWFI". www.swfinstitute.org. Retrieved 2024-01-25.
    1. SWF Institute - Organization dedicated to analyzing Sovereign Wealth Funds and Public Pension Funds
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