Saudi Arabia’s Public Investment Fund (PIF) maintained its 8th position among the world’s largest sovereign wealth funds (SWFs) for September 2020, recent data from SWF Institute showed.
The Kingdom’s sovereign wealth fund assets increased by $30 billion to $390 billion, hovering near a targeted level of $400 billion by the end of 2020.
Elsewhere, Norway’s Government Pension Fund Global maintained its top position in the list with assets standing at $1.108 trillion, declining by nearly $78 billion.
China Investment Corporation (CIC) came in second with $940.6 billion worth of assets.
It was followed by Abu Dhabi Investment Authority ($579.6 billion) and Kuwait Investment Authority (KIA) with $533.7 billion worth of assets.
The combined assets of the 88 sovereign wealth funds hit $7.83 trillion.
World’s Largest Sovereign Wealth Funds
Asset ($ bln) in August
Assets ($ bln) in September
Government Pension Fund - Global
China Investment Corporation
Abu Dhabi Investment Authority
Kuwait Investment authority
Hong Kong Monetary Authority Investment Portfolio
Government of Singapore Investment Corporation (GIC Private Ltd)
Public Investment Fund
National Council for Social Security Fund
Investment Corporation of Dubai
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