Saudi PIF, SAMA Foreign Holdings among largest sovereign wealth funds

02/05/2016 Argaam Special

Saudi Arabia’s Public Investment Fund (PIF) is now the world’s 13th largest sovereign wealth fund with assets amounting to $160 billion by the end April, the Sovereign Wealth Fund Institute (SWFI) said in its latest report.

 

The PIF secured its ranking after gaining $154.7 billion since the end of last year.

 

The kingdom’s SAMA Foreign Holdings fund, which placed fourth on the list, saw its assets fall by $36.3 billion over the same period to $632.3 billion.

 

Meanwhile, the Abu Dhabi Investment Authority (ADIA) ranked second on the list with $773 billion worth of assets.

 

The Kuwait Investment Authority (KIA) claimed the fifth spot with assets valued at $592 billion, while the Qatar Investment Authority (QIA) ranked ninth with $256 billion.

 

Norway's Government Pension Fund maintained its lead as the world's largest sovereign wealth fund. Its assets reached $847.6 billion in April, compared to $824.9 billion by the end of 2015.

 

China Investment Corporation took the third place with assets amounting to $746.7 billion.

 

The report also revealed that total assets of the world’s largest sovereign wealth funds had increased by 1 percent to $7.27 trillion during the first four months of 2016.

 

Largest Sovereign Wealth Funds

Change

since 2015-end

(USD billion)

Assets

(USD billion)

Name

Country

Ranking

+22.7

847.6


Government Pension Fund— Global

Norway

1

--

773.0

Abu Dhabi Investment Authority

United Arab Emirates

2

--

746.7

China Investment Corporation

China

3

(36.3)

632.3

SAMA Foreign Holdings

Saudi Arabia

4

--

592.0

Kuwait Investment Authority

Kuwait

5

(73.0)

474.0

SAFE Investment Company

China

6

+24.5

442.4

Hong Kong Monetary Authority Investment Portfolio

China

7

--

344.0

Government of Singapore Investment Corporation

Singapore

8

--

256.0

Qatar Investment Authority

Qatar

9

--

236.0

National Social Security Fund

China

10

--

193.6

Temasek Holdings

Singapore

11

--

183.0

Investment Corporation of Dubai

United Arab Emirates

12

+154.7

160.0

Public Investment Fund

Saudi Arabia

13

--

110.0

Abu Dhabi Investment Council

United Arab Emirates

14

--

95.0

Australian Future Fund

Australia

15

+7.1

91.8

Korea Investment Corporation

South Korea

16

--

85.1

Samruk-Kazyan JSC

Kazakhstan

17

--

77.0

Kazakhstan National Fund

Kazakhstan

18

--

73.5

National Welfare Fund

Russia

19

--

66.3

International Petroleum Investment Company

United Arab  Emirates

20

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