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Sovereign Wealth Fund Rankings

 

Sovereign Wealth Fund Rankings

Largest Sovereign Wealth Funds by Assets Under Management

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Country Sovereign Wealth Fund Name Assets USD-Bil Inception Origin Linaburg-Maduell Transparency Index
Norway Government Pension Fund – Global 1058.05 1990 Oil 10
China China Investment Corporation 941.4 2007 Non-Commodity 8
UAE – Abu Dhabi Abu Dhabi Investment Authority 683 1976 Oil 6
Kuwait Kuwait Investment Authority 592 1953 Oil 6
China – Hong Kong Hong Kong Monetary Authority Investment Portfolio 522.6 1993 Non-Commodity 8
Saudi Arabia SAMA Foreign Holdings 515.6 1952 Oil 4
China SAFE Investment Company 441** 1997 Non-Commodity 4
Singapore Government of Singapore Investment Corporation 390 1981 Non-Commodity 6
Singapore Temasek Holdings 375** 1974 Non-Commodity 10
Qatar Qatar Investment Authority 320 2005 Oil & Gas 5
China National Social Security Fund 295 2000 Non-Commodity 5
Saudi Arabia Public Investment Fund 250 2008 Oil 5
UAE – Dubai Investment Corporation of Dubai 229.8 2006 Non-Commodity 5
UAE – Abu Dhabi Mubadala Investment Company 226 2002 Oil 10
South Korea Korea Investment Corporation 134.1 2005 Non-Commodity 9
Australia Australian Future Fund 107.7 2006 Non-Commodity 10
Iran National Development Fund of Iran 91 2011 Oil & Gas 5
Russia National Welfare Fund 77.2 2008 Oil 5
Libya Libyan Investment Authority 66 2006 Oil 4
US – Alaska Alaska Permanent Fund 65.7 1976 Oil 10
Kazakhstan Samruk-Kazyna JSC 60.9 2008 Non-Commodity 10
Brunei Brunei Investment Agency 60 1983 Oil 1
Kazakhstan Kazakhstan National Fund 57.9 2000 Oil 2
Turkey Turkey Wealth Fund 40 2016 Non-commodity n/a
Malaysia Khazanah Nasional 38.7 1993 Non-Commodity 9
US – Texas Texas Permanent School Fund 37.7 1854 Oil & Other 9
UAE – Federal Emirates Investment Authority 34 2007 Oil 3
Azerbaijan State Oil Fund 33.1 1999 Oil 10
New Zealand New Zealand Superannuation Fund 28.5 2003 Non-Commodity 10
US – New Mexico New Mexico State Investment Council 20.2 1958 Oil & Gas 9
Oman State General Reserve Fund 18 1980 Oil & Gas 4
US – Texas Permanent University Fund 17.3 1876 Oil & Gas 9
East Timor Timor-Leste Petroleum Fund 16.6 2005 Oil & Gas 8
Chile Social and Economic Stabilization Fund 14.7 2007 Copper 10
Canada Alberta’s Heritage Fund 13.4 1976 Oil 9
Russia Russian Direct Investment Fund 13 2011 Non-Commodity 7
Bahrain Mumtalakat Holding Company 10.6 2006 Non-Commodity 10
Chile Pension Reserve Fund 9.4 2006 Copper 10
Ireland Ireland Strategic Investment Fund 8.5 2001* Non-Commodity 10
US – Wyoming Permanent Wyoming Mineral Trust Fund 8.0 1974 Minerals 9
Peru Fiscal Stabilization Fund 7.9 1999 Non-Commodity n/a
Algeria Revenue Regulation Fund 7.6 2000 Oil & Gas 1
Mexico Oil Revenues Stabilization Fund of Mexico 6.0 2000 Oil 4
Oman Oman Investment Fund 6.0 2006 Oil 4
Botswana Pula Fund 5.5 1994 Diamonds & Minerals 6
Trinidad & Tobago Heritage and Stabilization Fund 5.5 2000 Oil 8
China China-Africa Development Fund 5.0 2007 Non-Commodity 5
Angola Fundo Soberano de Angola 4.6 2012 Oil 8
US – North Dakota North Dakota Legacy Fund 4.3 2011 Oil & Gas 10
Colombia Colombia Savings and Stabilization Fund 3.5 2011 Oil and Mining n/a
US – Alabama Alabama Trust Fund 2.7 1985 Oil & Gas 9
Kazakhstan National Investment Corporation 2 2012 Oil n/a
US – Utah Utah – SITFO 2 1896 Land and Mineral Royalties n/a
US – Idaho Idaho Endowment Fund Investment Board 2 1969 Land and Mineral Royalties n/a
Nigeria – Bayelsa Bayelsa Development and Investment Corporation 1.5 2012 Non-Commodity N/A
Nigeria Nigerian Sovereign Investment Authority 1.4 2012 Oil 9
US – Louisiana Louisiana Education Quality Trust Fund 1.3 1986 Oil & Gas n/a
Panama Fondo de Ahorro de Panamá 1.2 2012 Non-Commodity 10
Bolivia FINPRO 1.2 2012 Non-Commodity n/a
Senegal Senegal FONSIS 1 2012 Non-Commodity n/a
Iraq Development Fund for Iraq 0.9 2003 Oil n/a
Palestine Palestine Investment Fund 0.8 2003 Non-Commodity n/a
Venezuela FEM 0.8 1998 Oil 1
Kiribati Revenue Equalization Reserve Fund 0.6 1956 Phosphates 1
Vietnam State Capital Investment Corporation 0.5 2006 Non-Commodity 4
Gabon Gabon Sovereign Wealth Fund 0.4 1998 Oil n/a
Ghana Ghana Petroleum Funds 0.45 2011 Oil n/a
Mauritania National Fund for Hydrocarbon Reserves 0.3 2006 Oil & Gas 1
Australia Western Australian Future Fund 0.3 2012 Minerals n/a
Mongolia Fiscal Stability Fund 0.3 2011 Minerals n/a
Equatorial Guinea Fund for Future Generations 0.08 2002 Oil n/a
Papua New Guinea Papua New Guinea Sovereign Wealth Fund n/a 2011 Gas n/a
Turkmenistan Turkmenistan Stabilization Fund n/a 2008 Oil & Gas n/a
US – West Virginia West Virginia Future Fund n/a 2014 Oil & Gas n/a
Mexico Fondo Mexicano del Petroleo n/a 2014 Oil & Gas n/a
UAE – Sharjah Sharjah Asset Management n/a 2008 Non-commodity n/a
Luxembourg Luxembourg Intergenerational Sovereign Fund 0 2015 Non-Commodity
Russia Reserve Fund 0 2008 Oil 5
Total Oil & Gas Related $4,300.58
Total Other $3,698.88
TOTAL $7,999.46

**This number is a best guess estimation.
Source: Sovereign Wealth Fund Institute (SWFI)
Data standardization and other methodologies
***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. Total figures are rounded to the nearest tenth. SWFI aims to use total assets versus other measures of weighting assets to keep data consistent.

Temasek – **This is total assets. Historically (pre-2018), SWFI used net portfolio value, but to compare all equally, SWFI is using total assets for this chart.

Updated August 2018

sovereign wealth fund map

Recent Sovereign Wealth Fund Market Size by Quarter

Sovereign Wealth Fund Market Size by Quarter 1998 to 2018

Billions in USD | Full data access for subscribers only

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Period Total Sovereign Wealth Fund Assets Total Oil & Gas Related Total Other Total Oil & Gas Related (%) Total Other (%) Total Gulf SWF Assets
Jun 2018 7,820 4,223 3,597 54.00% 46.00% 2,783
Mar 2018 7,849 4,246 3,603 54.09% 45.91% 2,783
Dec 2017 7,831 4,280 3,551 54.65% 45.35% 2,813
Sep 2017 7,654 4,233 3,421 55.30% 44.70% 2,773
Jun 2017 7,456 4,123 3,332 55.31% 44.69% 2,745
Mar 2017 7,370 4,115 3,255 55.83% 44.17% 2,767
Dec 2016 7,330 4,119 3,212 56.19% 43.81% 2,848
Sep 2016 7,350 4,154 3,196 56.51% 43.49% 2,855
Jun 2016 7,318 4,128 3,190 56.41% 43.59% 2,856
Mar 2016 7,297 4,137 3,160 56.69% 43.31% 2,855

The figures calculated historically in this table are derived from the fund profile table series, not the summation from the table above. In addition, due to reporting, some figures may be revised as new information is reported.


June Data – Oil & Gas Related vs. Other

2015


2010


June Data – Region Breakout

2015


2010


Breakdown of Sovereign Wealth Funds by Year of Establishment

Counting Currently Operating SWFs only


Sovereign Wealth Fund Market Size by Quarter and Region

Billions in USD
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