List of Sovereign Wealth Funds 2016
Sovereign Wealth Funds (SWF) had been taking global center stage in investments since 2008 Global Financial Crisis, taking a more active role in the global capital markets (debts and equity).
Caproasia Intel 2016 reviewed the list of 39 Sovereign Wealth Funds:
No. 1 Which is the Largest SWF?
The largest SWF is Social Security Trust Fund, United States with AUM of $2,789.5 trillion. It was founded in Year 1935.
No. 2 What is the Smallest SWF?
The smallest SWF on the list is Fondo de ahorro de panama, Panama with AUM of $1.41 billion. It was founded in Year 2012.
No. 3 Which is the Oldest SWF?
The oldest SWF is CalPERS, United States founded in 1932, with AUM of $304.1 billion. CalPERS stands for California Public Employees’ Retirement System.
No. 4 What is the Total SWF AUM?
Collectively, the total AUM of the 39 SWF on this list is $11.568 Trillion. This figure is 15.02% of global GDP ($77 Trillion in 2014)
No 5 Which are the Top 5 Sovereign Wealth Funds?
Rank | Name of Sovereign Wealth Fund | Country | AUM (billions) | Year Started |
1 | Social Security Trust Fund | United States | 2,789.50 | 1935 |
2 | Government Pension Investment Fund | Japan | 1,337 | 2001 |
3 | Government Pension Fund- Global | Norway | 862 | 1990 |
4 | China Investment Corporation | China | 746.73 | 2007 |
5 | Abu Dhabi Investment Authority | UAE – Abu Dhabi | 621.24 | 1976 |
No 6 Which are the earliest SWF on this list?
Name of Sovereign Wealth Fund | Country | AUM (billions) | Year Started |
CalPERS | United States | 304.1 | 1932 |
Social Security Trust Fund | United States | 2,789.50 | 1935 |
Saudi Arabian Monetary Agency | Saudi Arabia | 598.4 | 1952 |
Kuwait Investment Authority | Kuwait | 592 | 1953 |
Caisse de depot et placement du quebec | Canada | 284.3 | 1965 |
No. 7 What is the difference between Sovereign Wealth Funds (SWFs) and Pension Funds (PFs)?
Conventionally, Sovereign Wealth Funds manage assets of the nation from budget surplus, reserves and assets while Pension Funds manage savings and retirements money from employees or citizens.
Both Sovereign Wealth Funds and Pension Funds manage large pool of assets and often look for the same investment opportunities. Increasingly, they adopt the same investment philosophy and some countries or states have overlapped the asset management and operations of SWFs and PFs.
All 39 Sovereign Wealth Funds:
Rank | Name of Sovereign Wealth Fund | Country | AUM (billions) | Year Started |
1 | Social Security Trust Fund | United States | 2,789.50 | 1935 |
2 | Government Pension Investment Fund | Japan | 1,337 | 2001 |
3 | Government Pension Fund of Norway | Norway | 862 | 1990 |
4 | China Investment Corporation | China | 746.73 | 2007 |
5 | Abu Dhabi Investment Authority | UAE – Abu Dhabi | 621.24 | 1976 |
6 | Saudi Arabian Monetary Agency | Saudi Arabia | 598.4 | 1952 |
7 | Kuwait Investment Authority | Kuwait | 592 | 1953 |
8 | State Administration of Foreign Exchange | China | 474 | 1997 |
9 | Hong Kong Monetary Authority | China- Hong Kong | 442.4 | 1993 |
10 | Government Investment Corporation of Singapore | Singapore | 342.64 | 1981 |
11 | CalPERS | United States | 304.1 | 1932 |
12 | Caisse de depot et placement du quebec | Canada | 284.3 | 1965 |
13 | Temasek Holdings | Singapore | 266 | 1974 |
14 | Qatar Investment Authority | Qatar | 256 | 2005 |
15 | National Council for Social Security Fund | China | 247.4 | 2000 |
16 | Investment Corp of Dubai | Dubai | 181.5 | 2006 |
17 | Public Investment fund | Saudi Arabia | 160 | 2008 |
18 | Abu Dhabi Investment Council | UAE – Abu Dhabi | 110.96 | 2007 |
19 | Australian Government Future Fund | Australia | 95 | 2006 |
20 | Bureau of Labour Funds | Taiwan | 91.91 | 2014 |
21 | Korean Investment Corporation | South Korea | 91.8 | 2005 |
22 | Samruk-Kazyna | Kazhakstan | 85.1 | 2008 |
23 | Russian National Wealth Fund | Russia | 73.5 | 2008 |
24 | International Petroleum Investment Company | UAE | 68.1 | 1984 |
25 | Mubadala Development Co | UAE | 67.1 | 2002 |
26 | Libyan Investment Authority | Libya | 67 | 2006 |
27 | Kazhakstan National Fund | Kazhakstan | 65.4 | 2000 |
28 | Alaska Permanent Fund | USA | 53.8 | 1976 |
29 | Khazanah Nasional Bhd | Malaysia | 37.6 | 1993 |
30 | Fondo de reserva de la seguridad social | Spain | 35.3 | 1997 |
31 | Andra AP-fonden | Sweden | 35.03 | 2000 |
32 | Emirates Investment Authority | UAE | 34 | 2007 |
33 | Government Pension Fund | Thailand | 21.54 | 1997 |
34 | Alberta Heritage Savings Trust Fund | Canada | 13.03 | 1976 |
35 | Heritage and Stabilization Fund | Trinidad & Tobago | 5.88 | 2007 |
36 | Fundo soberano angolano | Angola | 4.8 | 2012 |
37 | Alabama Trust Fund | USA | 2.7 | 1985 |
38 | Fonds de la reserve pour les retraite | France | 2.25 | 2001 |
39 | Fondo de ahorro de panama | Panama | 1.41 | 2012 |
Source: Caproasia Intel 2016
Dataset: Sovereign Wealth Funds Portal, Sovereign Wealth Fund Institute (2014 / 2015 figures)
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