Jump to content
Search

List of sovereign wealth funds by country

From Wikipedia, the free encyclopedia

This is a list of sovereign wealth funds by country. A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment. The accumulated funds may have their origin in, or may represent, foreign currency deposits, foreign exchange reserves, gold, special drawing rights (SDRs) and International Monetary Fund (IMF) reserve position held by central banks and monetary authorities, along with other national assets such as pension investments, oil funds, or other industrial and financial holdings. These are assets of the sovereign nations which are typically held in reserves domestic and reserve foreign currencies such as the dollar, euro, pound sterling and yen. The names attributed to the management entities may include state-owned (federal, state and provincial) central banks, national monetary authorities, official investment companies, sovereign oil funds, pension funds, among others.

Some countries may have more than one SWF. In the United States, several states have their own SWFs. In February 2025, President Donald Trump signed an executive order to establish a national sovereign wealth fund.[1][2] The list does not include pension funds that do not meet the SWF criteria.

List

[edit]
Country Funds Assets

(billions USD)

Origin
 China China-Africa Development Fund[3]
China Investment Corporation[4]
National Social Security Fund[5]
SAFE Investment Company[6]
CNIC Corporation Limited[7]
Beijing State-owned Assets Management
Shanghai Municipal Investment Group
Central Huijin Investment
Linfen Investment Group		 2,750 Non-commodity
 United Arab Emirates[a] Emirates Investment Authority
Managed by the Emirate of Abu Dhabi:

Managed by the Emirate of Dubai:

Managed by the Emirate of Ras Al Khaimah:

Managed by the Emirate of Sharjah:

  • Sharjah Assets Management[19]
    Fujairah Holdings[20]
 2,304 Oil & Gas
Non-commodity
 Singapore[b] Monetary Authority of Singapore
Government of Singapore Investment Corporation
Temasek Holdings
Central Provident Fund		 2,074 Non-commodity
 Norway[26] Government Pension Fund of Norway 2,044 Oil & Gas
 Saudi Arabia[27][28] Public Investment Fund
National Development Fund		 1,345 Oil & Gas
 Kuwait[29] Kuwait Investment Authority
Gulf Investment Corporation
Wafra International Investment Company		 1,029 Oil & Gas
 Indonesia[30][31][32] Indonesia Investment Authority
Danantara Indonesia Sovereign Fund		 600–900
[33][34][35][36] 		Mineral, Non-commodity
 Hong Kong[37][38][39][40] HK SAR Exchange Fund (HK MAS)
Hong Kong Investment Corporation[c] 		576 Non-commodity
 Qatar Qatar Investment Authority 557 Oil & Gas
 Turkey[41][42] Turkey Wealth Fund 360 Non-commodity
 Australia Future Fund
Queensland Investment Corporation
Victorian Funds Management Corporation
New South Wales Treasury Corporation		 357 Non-commodity
 United States United States sovereign wealth fund[1][43]
State-level entities 		332 Oil & Gas
Non-commodity /
Minerals
Public Lands
 South Korea[44][45] Korea Investment Corporation 181 Non-commodity
 Russia[46][47] Russian National Wealth Fund
Russian Direct Investment Fund		 174 Oil & Gas
Non-commodity
 Iran[48] National Development Fund of Iran 156.5 Oil & Gas
 Kazakhstan Samruk-Kazyna[49]
National Investment Corporation		 155.1 Oil & Gas
 Malaysia[50][51][52][53] Khazanah Nasional
Permodalan Nasional Berhad
Lembaga Tabung Angkatan Tentera
Sarawak Sovereign Wealth Future Fund[54] 		119.0 Non-commodity
 Azerbaijan[55] Azerbaijan Investment Holding
State Oil Fund of Azerbaijan		 75.0 Oil & Gas
 Brunei[56] Brunei Investment Agency 73.0 Oil & Gas
 Tanzania Natural Gas Revenue Fund 66.4 Oil & Gas
 Oman[57] Oman Investment Authority 53.0 Oil & Gas
 Ethiopia[58] Ethiopian Investment Holdings 46.0 Non-commodity
 Libya[59] Libyan Investment Authority 38.8 Oil & Gas
 United Kingdom National Wealth Fund (United Kingdom) 37.0 Non-commodity
 Austria Österreichische Beteiligungs AG 32.0 Non-commodity
 New Zealand New Zealand Superannuation Fund 27.0 Non-commodity
 Ireland[60][61] Ireland Strategic Investment Fund
Future Ireland Fund		 25.2 Non-commodity
 Chile Economic and Social Stabilization Fund
Pension Reserve Fund		 21.0 Copper
 Bahrain[62] Mumtalakat Holding Company 18.6 Oil & Gas
 Timor-Leste[63] Timor-Leste Petroleum Fund 17.0 Oil & Gas
 Canada Alberta Investment Management Corporation
Alberta Heritage Savings Trust Fund 		16.0 Oil & Gas
 India National Investment and Infrastructure Fund
Tamil Nadu Industrial Development Corporation 		12.4 Non-commodity
 Colombia Fondo de Ahorro y Estabilización Petrolera
Fideicomiso Fondo de Ahorro y Estabilización		 12.0 Oil & Gas
 Greece[64] Growthfund 12.0 Non-commodity
 Egypt[65] The Sovereign Fund of Egypt 11.9 Non-commodity
 Italy CDP Equity, Fondo nazionale del Made in Italy 11.0 Oil & Gas
Non-commodity
 Philippines Maharlika Investment Fund 9.20 Non-commodity
Pakistan Pakistan Sovereign Wealth Fund 8.00 Oil & Gas
Non-commodity
 Mexico Fondo Mexicano del Petroleo para la Estabilizacion y el Desarrollo 7.00 Oil & Gas
 Spain Cofides[66] 6.00 Non-commodity
 Trinidad and Tobago The Heritage and Stabilization Fund[67] 6.00 Oil & Gas
 Peru Fiscal Stabilization Fund 5.00 Non-commodity
 Angola Fundo Soberano de Angola 5.00 Oil & Gas
 Botswana[68] Pula Fund 4.90 Diamonds
 Mongolia Chinggis Fund
Future Heritage Fund[69][70]
Fiscal Stability Fund[71]		 4.00 Minerals
 Denmark Danish Growth Fund
Export and Investment Fund of Denmark [72]		 4.00

Non-commodity

 Israel[73][74] Israeli Citizens' Fund 2.08 Gas & Minerals
 Nigeria Nigeria Sovereign Investment Authority
Bayelsa Development and Investment Corporation		 2.00 Oil & Gas
 Ghana Ghana Petroleum Funds
Ghana Infrastructure Investment Fund		 2.00 Oil & Gas
 Gabon Fonds Gabonais d’Investissements Stratégiques[75] 1.89 Oil & Gas
 Panama Fondo de Ahorro de Panamá 1.40 Non-commodity
 Vietnam State Capital Investment Corporation 1.20 Non-commodity
 Senegal Fonds Souverain d'Investissements Stratégiques[76] 1.20 Non-commodity
 Kiribati Revenue Equalization Reserve Fund 1.00 Phosphates
 Bolivia Fondo para la Revolución Industrial Productiva 0.40 Non-commodity
 Brazil Fundo Soberano de Estado do Espirito Santo 0.20 Oil & Gas
 Mauritania National des Revenus des Hydrocarbures 0.10 Oil & Gas
 Equatorial Guinea Réserves pour Générations Futures 0.10

See also

[edit]

Notes

[edit]
  1. ^ [8][9][10][11][12][13][14][15][16][17]
  2. ^ [21][22][23][24][25]
  3. ^ Hong Kong Government's stake in the Mass Transit Railway Corporation (MTRCL) and the Airport Authority (AA), both of which also invest and operate outside Hong Kong's border, are not included.

References

[edit]
  1. ^ a b "Fact Sheet: President Donald J. Trump Orders Plan for a United States Sovereign Wealth Fund". whitehouse.gov. whitehouse.gov. 4 February 2025. Retrieved 4 February 2025.
  2. ^ "Trump orders creation of US sovereign wealth fund, says it could buy TikTok". Reuters. 4 February 2025.
  3. ^ "China-Africa Development Fund (CAD Fund) - Government Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  4. ^ "China Investment Corporation (CIC) - Sovereign Wealth Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  5. ^ "National Council for Social Security Fund (NSSF) - Sovereign Wealth Fund, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  6. ^ "SAFE Investment Company (SAFE) - Government, China - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  7. ^ "CNIC Corporation Limited (Guoxin International Investment Co., Ltd.) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
  8. ^ "ADQ (UAE - Abu Dhabi) - Fund Profile -". globalswf.com. Retrieved 2023-09-07.
  9. ^ "Abu Dhabi Investment Authority (ADIA) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2023-09-07.
  10. ^ "ADPF (UAE - Abu Dhabi) - Fund Profile -". globalswf.com. Retrieved 2023-09-07.
  11. ^ "Dubai World (UAE - Dubai) - Fund Profile -". globalswf.com. Retrieved 2023-09-07.
  12. ^ "Emirates Investment Authority (EIA) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2023-09-07.
  13. ^ "Mubadala Investment Company (Mubadala) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2023-09-07.
  14. ^ SAMH. "Sharjah Asset Management – The Investment Arm of the Government of Sharjah". Archived from the original on 23 August 2021. Retrieved 23 August 2021.
  15. ^ "RAK Investment Authority (RAK Investment Authority) - State Owned Enterprise, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2023-09-07.
  16. ^ "Investment Corporation of Dubai (ICD) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2023-06-06.
  17. ^ "GPSSA (UAE - Abu Dhabi) - Fund Profile -". globalswf.com. Retrieved 2023-09-07.
  18. ^ "Abu Dhabi Developmental Holding Company (ADQ) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
  19. ^ "Sharjah Asset Management (Sharjah Asset Management) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
  20. ^ "Fujairah Holding (Fujairah Holding) - Sovereign Wealth Fund, United Arab Emirates - SWFI". www.swfinstitute.org. Retrieved 2024-01-13.
  21. ^ "GIC Private Limited (GIC) - Sovereign Wealth Fund, Singapore - SWFI". www.swfinstitute.org. Retrieved 2022-12-08.
  22. ^ "Temasek Holdings (Temasek) - Sovereign Wealth Fund, Singapore - SWFI". www.swfinstitute.org. Retrieved 2022-12-08.
  23. ^ "Central Provident Fund (CPF) - Public Pension, Singapore - SWFI". www.swfinstitute.org. Retrieved 2022-12-08.
  24. ^ "Monetary Authority of Singapore (MAS) - Central Bank, Singapore - SWFI". www.swfinstitute.org. Retrieved 2023-03-28.
  25. ^ "MAS Transfers S$75 Billion Excess Official Foreign Reserves to the Government". www.mas.gov.sg. Retrieved 2022-12-08.
  26. ^ "Norway Government Pension Fund Global (Norway GPFG) - Sovereign Wealth Funds, Norway - SWFI". www.swfinstitute.org. Retrieved 2022-06-12.
  27. ^ "Public Investment Fund (PIF) - Sovereign Wealth Fund, Saudi Arabia - SWFI". www.swfinstitute.org. Retrieved 2023-06-21.
  28. ^ "Global SWF". globalswf.com. Retrieved 2023-09-09.
  29. ^ "Kuwait Investment Authority (KIA) - Sovereign Wealth Fund, Kuwait - SWFI". www.swfinstitute.org. Archived from the original on 8 October 2020. Retrieved 2020-10-14.
  30. ^ "Largest And Global Sovereign Wealth Fund Institute | SWFI". www.swfinstitute.org. Retrieved 2025-05-03.
  31. ^ "Can Danantara deliver? Indonesia's sovereign fund vows to be 'super transparent'". South China Morning Post. 2025-03-31. Retrieved 2025-05-03.
  32. ^ "Governance risks plague Indonesia's new sovereign wealth fund | East Asia Forum". 2025-04-08. Retrieved 2025-05-03.
  33. ^ "Largest and Global Sovereign Wealth Fund Institute | SWFI".
  34. ^ "Ranked: The Largest Sovereign Wealth Funds in the World". 13 February 2025.
  35. ^ ://www.linkedin.com/pulse/danantara-900-billion-dollar-leap-faith-indonesias-future-mckiernon-govrc/
  36. ^ "Managing Assets of up to IDR 15,000 Trillion, Danantara's Fate in the Hands of a New Captain". 24 February 2025.
  37. ^ "Hong Kong Monetary Authority Investment Portfolio (HKMA IP) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
  38. ^ "Hong Kong Monetary Authority Investment Portfolio (HKMA IP) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  39. ^ "Hong Kong Future Fund (Hong Kong Future Fund) - Sovereign Wealth Fund, Hong Kong - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  40. ^ "Hong Kong finally gets its own sovereign wealth fund". chinadailyhk. Retrieved 2023-09-09.[better source needed]
  41. ^ "Türkiye Wealth Fund among world's 10 largest sovereign wealth funds". Anadolu Agency. Retrieved 20 Sep 2025.
  42. ^ "Turkey Wealth Fund - globalswf.com". Retrieved 2025-09-20.
  43. ^ "What is a sovereign wealth fund?". reuters.com. reuters.com. 4 February 2025. Retrieved 4 February 2025.
  44. ^ "Korea Investment Corporation (KIC) - Sovereign Wealth Fund, South Korea - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  45. ^ "National Pension Service of Korea (NPS) - Sovereign Wealth Fund, South Korea - SWFI". www.swfinstitute.org. Retrieved 2022-12-22.
  46. ^ "Russian Direct Investment Fund (RDIF) - Sovereign Wealth Fund, Russia - SWFI". www.swfinstitute.org. Retrieved 2024-01-02.
  47. ^ "National Welfare Fund (National Wealth Fund) - Sovereign Wealth Fund, Russia - SWFI". www.swfinstitute.org. Retrieved 2024-01-02.
  48. ^ "National Development Fund of Iran (NDFI) - Sovereign Wealth Fund, Iran - SWFI". www.swfinstitute.org. Retrieved 2024-01-02.
  49. ^ "Samruk-Kazyna (Samruk Kazyna) - Sovereign Wealth Fund, Kazakhstan - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
  50. ^ "Khazanah Nasional (Khazanah) - Sovereign Wealth Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
  51. ^ "Permodalan Nasional (PNB) - Government Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
  52. ^ "Sarawak Sovereign Wealth Future Fund (Sarawak Sovereign Wealth Future Fund) - Sovereign Wealth Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
  53. ^ "Lembaga Tabung Angkatan Tentera (Malaysia's Armed Forces Fund Board) - Public Pension, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
  54. ^ "Sarawak Sovereign Wealth Future Fund (Sarawak Sovereign Wealth Future Fund) - Sovereign Wealth Fund, Malaysia - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
  55. ^ "State Oil Fund of Azerbaijan (SOFAZ) - Sovereign Wealth Fund, Azerbaijan - SWFI". www.swfinstitute.org. Retrieved 2020-09-17.
  56. ^ "Brunei Investment Agency (BIA) - Sovereign Wealth Fund, Brunei - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  57. ^ Narayanan, Archana (2022-11-14). "Oman's Sovereign Wealth Fund Boosts Assets to $41.5 Billion". Bloomberg. Retrieved 2023-06-29.
  58. ^ "Ethiopian Investment Holdings - Sovereign Wealth Fund, Ethiopia - IFSWF". www.ifswf.org. Retrieved 2024-05-19.
  59. ^ "Libyan Investment Authority (LIA) - Sovereign Wealth Fund, Libya - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  60. ^ "Ireland Strategic Investment Fund (ISIF) - Sovereign Wealth Fund, Ireland - SWFI". www.swfinstitute.org. Retrieved 2024-11-09.
  61. ^ "Future Ireland Fund - Sovereign Wealth Fund, Ireland - SWFI". www.swfinstitute.org. Retrieved 2024-11-09.
  62. ^ "Mumtalakat Holding (Mumtalakat) - Sovereign Wealth Fund, Bahrain - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  63. ^ "Timor-Leste Petroleum Fund (Timor-Leste Petroleum Fund) - Sovereign Wealth Fund, East Timor - SWFI". www.swfinstitute.org. Retrieved 2023-12-27.
  64. ^ "GrowthFund (Greece) - Fund Profile -". globalswf.com. Retrieved 2025-08-31.
  65. ^ "The Sovereign Fund of Egypt (Egypt Fund) - Sovereign Wealth Fund, Egypt - SWFI". www.swfinstitute.org. Retrieved 2024-01-25.
  66. ^ "COFIDES (Spain) - Fund Profile -". globalswf.com. Retrieved 2025-08-31.
  67. ^ "Heritage and Stabilization Fund (Heritage and Stabilization Fund) - Sovereign Wealth Fund, Trinidad and Tobago - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
  68. ^ "Pula Fund (Pula Fund) - Sovereign Wealth Fund, Botswana - SWFI". www.swfinstitute.org. Retrieved 2020-09-15.
  69. ^ "Future Heritage Fund | International Forum of Sovereign Wealth Funds". www.ifswf.org. Retrieved 2024-01-06.
  70. ^ "FHF-FSF (Mongolia) - Fund Profile -". globalswf.com. Retrieved 2024-01-06.
  71. ^ "Mongolia Fiscal Stability Fund (Mongolia Fiscal Stability Fund) - Sovereign Wealth Fund, Mongolia - SWFI". www.swfinstitute.org. Retrieved 2024-01-06.
  72. ^ "Sovereign Wealth Fund Institute - SWFI".
  73. ^ "Israeli Citizens Fund (Israeli Citizens Fund) - Sovereign Wealth Fund, Israel - SWFI". www.swfinstitute.org. Retrieved 2024-01-25.
  74. ^ "Citizens of Israel fund". Mof. Retrieved 2025-08-27.
  75. ^ "FGIS (Gabon) - Fund Profile -". globalswf.com. Retrieved 2025-09-01.
  76. ^ "FONSIS (Senegal) - Fund Profile -". globalswf.com. Retrieved 2025-09-01.
  1. SWF Institute - Organization dedicated to analyzing Sovereign Wealth Funds and Public Pension Funds
Trade
Investment
Funds
Budget and debt
Income and taxes
Currency
Other
General
Economic
Health
Social
Education
Retrieved from "https://en.wikipedia.org/w/index.php?title=List_of_sovereign_wealth_funds_by_country&oldid=1328295990"
List of sovereign wealth funds by country
Add topic
Morty Proxy This is a proxified and sanitized view of the page, visit original site.