AI Summary
Saudi Arabia and the United Arab Emirates’ sovereign wealth funds (SWFs) ranked amongst the world’s 20 largest SWFs in Q4 2016, at $576.3 billion and $792 billion respectively, according to a report issued by the Sovereign Wealth Fund Institute (SWFI).
The kingdom’s SAMA Foreign Holdings fund, which placed fourth on the list, saw its asset value drop to $576.3 billion in Q4 2016, compared to around $598.4 billion in the previous quarter.
Meanwhile, Saudi Arabia’s Public Investment Fund (PIF) was ranked the world’s 13th largest, with $160 billion in assets in Q4 2016.
Elsewhere in the region, the Abu Dhabi Investment Authority (ADIA) ranked third on the list after Norway and China, with $792 billion in assets. The Kuwait Investment Authority (KIA) claimed the fifth spot with assets worth $592 billion, while the Qatar Investment Authority (QIA) placed ninth at $335 billion.
Norway's Government Pension Fund maintained its ranking as the world's largest sovereign wealth fund, with assets reaching $885 billion during the period.
SWFs’ gross assets reached around $7.42 trillion in Q4 2016, rising by 0.4 percent quarter-on-quarter. Saudi Arabia holds a 9.9 percent share of the world’s wealth funds, or $736.3 billion, while the UAE controls 17 percent, or $1262.7 billion.
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World’s largest sovereign wealth funds |
||||
|
Ranking |
Country |
Name |
Asset ($ bln) |
Variation compared to Q316 |
|
1 |
Norway |
Government Pension Fund— Global |
885.0 |
-- |
|
2 |
China |
SAFE Investment Company |
813.8 |
-- |
|
3 |
United Arab Emirates |
Abu Dhabi Investment Authority |
792.0 |
-- |
|
4 |
Saudi Arabia |
SAMA Foreign Holdings |
576.3 |
(22.1) |
|
5 |
Kuwait |
Kuwait Investment Authority |
592.0 |
-- |
|
6 |
China |
Safe Investment Co. |
474.0 |
-- |
|
7 |
China |
Hong Kong Monetary Authority Investment Portfolio |
456.6 |
14.2+ |
|
8 |
Singapore |
Government of Singapore Investment Corporation |
350.0 |
-- |
|
9 |
Qatar |
Qatar Investment Authority |
335.0 |
-- |
|
10 |
China |
National Social Security Fund |
295.0 |
59.0+ |
|
11 |
United Arab Emirates |
Investment Corporation of Dubai |
200.5 |
4.5+ |
|
12 |
Singapore |
Temasek Holdings |
180.0 |
(13.6) |
|
13 |
Saudi Arabia |
Public Investment Fund |
160.0 |
-- |
|
14 |
|
Mubadala Investment Company |
125.0 |
-- |
|
15 |
United Arab Emirates |
Abu Dhabi Investment Council |
110.0 |
-- |
|
16 |
South Korea |
Korea Investment Corporation |
108.0 |
16.2+ |
|
17 |
Australia |
Australian Future Fund |
91.1 |
(3.9) |
|
18 |
Russia |
National Welfare Fund |
72.2 |
(1.3) |
|
19 |
Kazakhstan |
Kazakhstan National Fund |
64.7 |
(12.3) |
|
20 |
Kazakhstan |
Samruk-Kazyan JSC |
60.9 |
(8.4) |
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