Saudi Arabia’s Public Investment Fund (PIF) is now the world’s 13th largest sovereign wealth fund with assets amounting to $160 billion by the end April, the Sovereign Wealth Fund Institute (SWFI) said in its latest report.
The PIF secured its ranking after gaining $154.7 billion since the end of last year.
The kingdom’s SAMA Foreign Holdings fund, which placed fourth on the list, saw its assets fall by $36.3 billion over the same period to $632.3 billion.
Meanwhile, the Abu Dhabi Investment Authority (ADIA) ranked second on the list with $773 billion worth of assets.
The Kuwait Investment Authority (KIA) claimed the fifth spot with assets valued at $592 billion, while the Qatar Investment Authority (QIA) ranked ninth with $256 billion.
Norway's Government Pension Fund maintained its lead as the world's largest sovereign wealth fund. Its assets reached $847.6 billion in April, compared to $824.9 billion by the end of 2015.
China Investment Corporation took the third place with assets amounting to $746.7 billion.
The report also revealed that total assets of the world’s largest sovereign wealth funds had increased by 1 percent to $7.27 trillion during the first four months of 2016.
|
Largest Sovereign Wealth Funds |
||||
|
Change since 2015-end (USD billion) |
Assets (USD billion) |
Name |
Country |
Ranking |
|
+22.7 |
847.6 |
|
Norway |
1 |
|
-- |
773.0 |
Abu Dhabi Investment Authority |
United Arab Emirates |
2 |
|
-- |
746.7 |
China Investment Corporation |
China |
3 |
|
(36.3) |
632.3 |
SAMA Foreign Holdings |
Saudi Arabia |
4 |
|
-- |
592.0 |
Kuwait Investment Authority |
Kuwait |
5 |
|
(73.0) |
474.0 |
SAFE Investment Company |
China |
6 |
|
+24.5 |
442.4 |
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 |
Investment Corporation of Dubai |
United Arab Emirates |
12 |
|
+154.7 |
160.0 |
Public Investment Fund |
Saudi Arabia |
13 |
|
-- |
110.0 |
Abu Dhabi Investment Council |
United Arab Emirates |
14 |
|
-- |
95.0 |
Australian Future Fund |
Australia |
15 |
|
+7.1 |
91.8 |
Korea Investment Corporation |
South Korea |
16 |
|
-- |
85.1 |
Samruk-Kazyan JSC |
Kazakhstan |
17 |
|
-- |
77.0 |
Kazakhstan National Fund |
Kazakhstan |
18 |
|
-- |
73.5 |
National Welfare Fund |
Russia |
19 |
|
-- |
66.3 |
International Petroleum Investment Company |
United Arab Emirates |
20 |
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