Logo of Public Investment Fund (PIF)
The Public Investment Fund (PIF) remained in the 6th place among the world’s largest sovereign wealth funds (SWFs) in 2022 with a net worth of $607.42 billion, recent data from SWF Institute showed.
The Kingdom’s sovereign wealth fund will double its assets to over SAR 4 trillion ($1.066 trillion) by 2025. Crown Prince Mohammed bin Salman earlier said that the PIF targets to grow its assets to SAR 10 trillion by 2030 ($2.7 trillion).
China Investment Corporation took over the first place with $1.350 trillion assets. The fund’s assets rose $129 billion, compared to September.
Norway’s Government Pension Fund Global moved down one notch to the second place with $1.136 trillion assets. The fund’s assets decreased by $133 billion, compared to September.
The aggregate assets of the world’s SWFs hit $10.30 trillion, up from $10.12 trillion in September 2022.
The following table shows the world’s top 10 sovereign wealth funds:
|
World’s Largest Sovereign Wealth Funds |
|||||
|
Ranking |
Fund |
Country |
Asset ($ bln) September 2022 |
Asset ($ bln) end of 2022 |
Change |
|
1 |
China Investment Corporation |
China |
1222.31 |
1350.86 |
129.00 |
|
2 |
Government Pension Fund - global |
Norway |
1268.79 |
1136.14 |
(133.00) |
|
3 |
Abu Dhabi Investment Authority |
UAE |
708.75 |
790.00 |
81.25 |
|
4 |
Kuwait Investment Authority |
Kuwait |
708.42 |
750.00 |
41.58 |
|
5 |
GIC Private Limited |
Singapore |
690.00 |
690.00 |
-- |
|
6 |
Public Investment Fund |
Saudi Arabia |
607.41 |
607.42 |
-- |
|
7 |
Hong Kong Monetary Authority Investment Portfolio |
China |
588.90 |
588.90 |
-- |
|
8 |
Temasek Holdings |
Singapore |
496.59 |
496.59 |
-- |
|
9 |
Qatar Investment Authority |
Qatar |
461.00 |
461.00 |
-- |
|
10 |
National Council for Social Security Fund |
China |
447.36 |
447.36 |
-- |
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