Logo of Public Investment Fund (PIF)
The Public Investment Fund (PIF) remained in the sixth position among the world’s largest sovereign wealth funds (SWFs), after its net assets rose to $776.66 billion, recent data from SWF Institute showed.
PIF's assets rose by $126.66 billion, compared to $650 billion in April.
As per PIF's five-year strategy, the target is to double the size of its assets to more than SAR 4 trillion ($1.07 trillion) by 2025. Crown Prince Mohammed bin Salman earlier said that the PIF targets to grow its assets to SAR 10 trillion ($2.7 trillion) by 2030.
Norway’s Government Pension Fund Global ranked first with $1.37 trillion assets, followed by China Investment Corp.
The aggregate assets of the world’s SWFs hit about $11.65 trillion, up from $10.47 trillion in April, 2023.
The following table shows the world’s top 10 sovereign wealth funds:
|
World’s Largest 10 Sovereign Wealth Funds |
|||||
|
Ranking |
Fund |
Country |
Assets in April 2023 ($ bln) |
Assets in July 2023 ($ bln) |
Change |
|
1 |
Government Pension Fund - global |
Norway |
1350.87 |
1371.81 |
20.94 |
|
2 |
China Investment Corporation |
China |
1350.86 |
1350.86 |
-- |
|
3 |
SAFE Investment Company |
China |
979.70 |
1019.60 |
39.90 |
|
4 |
Abu Dhabi Investment Authority |
UAE |
790.00 |
853.00 |
63.00 |
|
5 |
Kuwait Investment Authority |
Kuwait |
750.00 |
803.00 |
53.00 |
|
6 |
Public Investment Fund |
Saudi Arabia |
650.00 |
776.66 |
126.66 |
|
7 |
GIG Private Limited |
Singapore |
690.00 |
690.00 |
-- |
|
8 |
Hong Kong Monetary Authority Investment Portfolio |
China |
514.22 |
514.22 |
-- |
|
9 |
Temasek Holdings |
Singapore |
496.59 |
492.21 |
(4.38) |
|
10 |
Qatar Investment Authority |
Qatar |
475.00 |
475.00 |
-- |
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