AI Summary
Saudi Arabia and the United Arab Emirates’ sovereign wealth funds— at $671.8 billion and $773 billion, respectively— ranked as the Middle East’s largest in Q3-2015, according to a report issued by the Sovereign Wealth Fund Institute (SWFI).
The asset value of the kingdom’s SWF did not see any change since the institute’s last quarterly report released in June. It ranked as the world’s fourth largest, just behind China.
Meanwhile, the Abu Dhabi Investment Authority (ADIA) ranked second on the list after Norway. The Kuwait Investment Authority (KIA) claimed the fifth spot with assets worth $592 billion, while the Qatar Investment Authority (QIA) placed ninth at $256 billion.
Norway's Government Pension Fund maintained its ranking as the world's largest sovereign wealth fund, as its assets reached $873 billion during the period. Its asset value, however, fell from $882 billion in Q2-2015.
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World’s Largest Sovereign Wealth Funds: Q3-2015 |
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|
Assets ($ bln) |
Name |
Country |
Ranking |
|
873.0 |
Government Pension Fund— Global |
Norway |
1 |
|
773.0 |
Abu Dhabi Investment Authority |
United Arab Emirates |
2 |
|
746.7 |
China |
China |
3 |
|
671.8 |
SAMA Foreign Holdings |
Saudi Arabia |
4 |
|
592.0 |
Kuwait Investment authority |
Kuwait |
5 |
|
547.0 |
SAFE Investment Company |
China |
6 |
|
400.2 |
Hong Kong Monetary Authority Investment Portfolio |
China |
7 |
|
344.0 |
Government of Singapore Investment Corporation |
Singapore |
8 |
|
256.0 |
Qatar Investment Authority |
Qatar |
9 |
|
236.0 |
National Social Security Fund |
China |
10 |
|
193.6 |
Temasek Holdings |
Singapore |
11 |
|
183.0 |
|
United Arab Emirates |
12 |
|
110.0 |
Abu Dhabi Investment Council |
United Arab Emirates |
13 |
|
95.0 |
Australian Future Fund |
Australia |
14 |
|
88.9 |
Reserve Fund |
Russia |
15 |
|
84.7 |
Korea Investment Corporation |
South Korea |
16 |
|
79.9 |
National Welfare Fund |
Russia |
17 |
|
77.5 |
Samruk-Kazyna JSC |
Kazakhstan |
18 |
|
77.0 |
Kazakhstan National Fund |
Kazakhstan |
19 |
|
66.3 |
International Petroleum Investment Company |
United Arab Emirates |
20 |
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