Fund Rankings


Sovereign Wealth Fund Rankings

Largest Sovereign Wealth Funds by Assets Under Management

Country Fund Name Assets $Billion Inception Origin Linaburg-Maduell Transparency Index
UAE – Abu Dhabi Abu Dhabi Investment Authority $627 1976 Oil 3
Norway Government Pension Fund – Global $443 1990 Oil 10
Saudi Arabia SAMA Foreign Holdings $415 n/a Oil 2
China SAFE Investment Company $347.1** 1997 Non-Commodity 2
China China Investment Corporation $332.4 2007 Non-Commodity 6
Singapore Government of Singapore Investment Corporation $247.5 1981 Non-Commodity 6
China – Hong Kong Hong Kong Monetary Authority Investment Portfolio $227.6 1993 Non-Commodity 8
Kuwait Kuwait Investment Authority $202.8 1953 Oil 6
China National Social Security Fund $146.5 2000 Non-commodity 5
Russia National Welfare Fund $142.5* 2008 Oil 5
Singapore Temasek Holdings $133 1974 Non-Commodity 10
Libya Libyan Investment Authority $70 2006 Oil 2
Qatar Qatar Investment Authority $65 2005 Oil 5
Australia Australian Future Fund $59.1 2004 Non-Commodity 9
Algeria Revenue Regulation Fund
 $54.8 2000 Oil 1
Kazakhstan Kazakhstan National Fund $38 2000 Oil 6
US – Alaska Alaska Permanent Fund $35.5 1976 Oil 10
Ireland National Pensions Reserve Fund $33 2001 Non-Commodity 10
South Korea Korea Investment Corporation $30.3 2005 Non-Commodity 9
Brunei Brunei Investment Agency $30 1983 Oil 1
France Strategic Investment Fund $28 2008 Non-Commodity new
Malaysia Khazanah Nasional $25 1993 Non-Commodity 4
Iran Oil Stabilisation Fund $23 1999 Oil 1
Chile Social and Economic Stabilization Fund $21.8 1985 Copper 10
UAE – Dubai Investment Corporation of Dubai $19.6 2006 Oil 4
Azerbaijan State Oil Fund $14.9 1999 Oil 10
UAE – Abu Dhabi International Petroleum Investment Company $14 1984 Oil n/a
Canada Alberta’s Heritage Fund $13.8 1976 Oil 9
UAE – Abu Dhabi Mubadala Development Company $13.3 2002 Oil 10
US – New Mexico New Mexico State Investment Council $12.9 1958 Non-Commodity 9
New Zealand New Zealand Superannuation Fund $12.1 2003 Non-Commodity 10
Bahrain Mumtalakat Holding Company $9.1 2006 Oil 8
Brazil Sovereign Fund of Brazil $8.6 2009 Non-commodity new
Oman State General Reserve Fund $8.2 1980 Oil & Gas 1
Botswana Pula Fund $6.9 1994 Diamonds & Minerals 1
Saudi Arabia Public Investment Fund $5.3 2008 Oil 3
China China-Africa Development Fund $5.0 2007 Non-Commodity 4
East Timor Timor-Leste Petroleum Fund $6.3 2005 Oil & Gas 6
US – Wyoming Permanent Wyoming Mineral Trust Fund $3.6 1974 Minerals 9
Trinidad & Tobago Heritage and Stabilization Fund $2.9 2000 Oil 5
UAE – Ras Al Khaimah RAK Investment Authority $1.2 2005 Oil 3
Venezuela FEM $0.8 1998 Oil 1
Vietnam State Capital Investment Corporation $0.5 2006 Non-Commodity 4
Nigeria Excess Crude Account $0.5 2004 Oil 1
Kiribati Revenue Equalization Reserve Fund $0.4 1956 Phosphates 1
Indonesia Government Investment Unit $0.3 2006 Non-commodity X
Mauritania National Fund for Hydrocarbon Reserves $0.3 2006 Oil & Gas 1
UAE – Federal Emirates Investment Authority X 2007 Oil 2
Oman Oman Investment Fund X 2006 Oil n/a
UAE – Abu Dhabi Abu Dhabi Investment Council X 2007 Oil X
Total Oil & Gas Related $2256.8
Total Other $1681.6
TOTAL $3938.4

*This includes the oil stabilization fund of Russia.
**This number is a best guess estimation.
***All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their assets, from other publicly available sources. Some of these figures are best estimates as market values change day to day.
Updated June 2010

Recent Sovereign Wealth Fund Market Size by Quarter

Sep2007 Dec2007 Mar2008 Jun2008 Sep2008 Dec2008 Mar2009 Jun2009 Sep2009 Dec2009 Mar2010
3,190 3,130 3,300 3,789 3,927 3,976 3,587 3,628 3,752 3,809 3,839
Jun2010
3,891

**The above data has been pulled on specific dates. Market size reflects official disclosure, fund creation, investment activity, capital injections, and other variables.

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Updated December 2009