Sovereign Wealth Funds Dominate Public Funds
As an institutional investor class, sovereign wealth funds make up a majority of investors in a top-10 global ranking of the largest public funds. This ranking includes sovereign funds, pensions and other public funds. However, wealth funds are far fewer in number compared to the vast number of retirement funds. You can view all other sorts of rankings here.
SWFI League Table of Largest Public Funds
|1||Social Security Trust Funds||United States||National Pension||2,789.50|
|2||Government Pension Investment Fund||Japan||National Pension||1,150.00|
|3||Government Pension Fund – Global||Norway||Sovereign Wealth Fund||882|
|4||Abu Dhabi Investment Authority (ADIA)||United Arab Emirates||Sovereign Wealth Fund||773|
|5||China Investment Corporation (CIC)||China||Sovereign Wealth Fund||746.7|
|6||SAMA Foreign Holdings||Saudi Arabia||Sovereign Wealth Fund||671.8|
|7||Kuwait Investment Authority (KIA)||Kuwait||Sovereign Wealth Fund||592|
|8||SAFE Investment Company||China||Sovereign Wealth Fund||567.9|
|9||National Pension Service of Republic of Korea||South Korea||National Pension||455|
|10||Stichting Pensioenfonds ABP||Netherlands||Public Pension||440|
|11||Federal Retirement Thrift||United States||Public Pension||422.2|
|12||GIC Private Limited||Singapore||Sovereign Wealth Fund||344|
|13||CalPERS||United States||Public Pension||304.1|
|14||Qatar Investment Authority||Qatar||Sovereign Wealth Fund||256|
Actually top 14
Sovereign wealth fund assets continue to expand, despite the slowdown in oil prices and account surpluses in Asian countries. However, retirement plan assets, especially in the defined-benefit space, witnessed growth in countries like the United States. Defined benefit assets are over US$ 10 trillion in assets compared to around US$ 7.3 trillion in sovereign wealth fund assets. In the aggregate, many of these investors have been pushed into equities and alternatives such as real estate and private equity, as the world experienced years and years of quantitative easing policies. This type of compensation invites more risk taking.
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