2024 Top 105 Sovereign Wealth Funds
Caproasia Institute has released the 2024 list of top sovereign wealth funds in 2024. Which are the top sovereign wealth funds in 2024? Which are the largest sovereign wealth funds in 2024? Where are the largest sovereign wealth funds? Which country & region are they from? Caproasia Institute – See below for the latest 2024 list of top sovereign wealth funds in the world. Sovereign Wealth Fund (SWF) is a country-owned investment fund.
2024 Rankings:
- 2024 List of Top Sovereign Wealth Funds
- 2024 Top 105 Sovereign Wealth Funds
- 2024 Top 31 Sovereign Wealth Funds in APAC
” Largest Sovereign Wealth Fund is Norway Government Pension Fund Global (Norges Bank IM), Norway – $1.66 trillion “
2024 Top 105 Sovereign Wealth Funds
Top 10 Largest Sovereign Wealth Funds
- Norway Government Pension Fund Global (Norges Bank IM), Norway – $1.66 trillion
- China Investment Corporation (CIC), China – $1.24 trillion
- China State Administration of Foreign Exchange (SAFE), China – $1.08 trillion
- Abu Dhabi Investment Authority (ADIA), UAE – $980 billion
- Public Investment Fund (PIF), Saudi Arabia – $925 billion
- Kuwait Investment Authority (KIA), Kuwait – $923 billion
- GIC Private Limited, Singapore – $847 billion
- Hong Kong Monetary Authority Investment Portfolio, Hong Kong – $510 billion
- Qatar Investment Authority (QIA), Qatar – $475 million
- SAMA Foreign Holdings, Saudi Arabia – $467 billion
No. of Sovereign Wealth Funds by Region
- North America – 16
- Latin America – 8
- Europe – 16
- Middle East – 20
- Asia – 25
- Australia & Pacific – 6
- Total – 105
2024 Top 105 Sovereign Wealth Funds
Rank | Sovereign Wealth Fund | AUM 2024 | Country | Region |
1 | Norway Government Pension Fund Global (Norges Bank) | $1.66 trillion | Norway | Europe |
2 | China Investment Corporation (CIC) | $1.24 trillion | China | Asia |
3 | China State Administration of Foreign Exchange (SAFE) | $1.08 trillion | China | Asia |
4 | Abu Dhabi Investment Authority (ADIA) | $980 billion | UAE | Middle East |
5 | Public Investment Fund (PIF) | $925 billion | Saudi Arabia | Middle East |
6 | Kuwait Investment Authority (KIA) | $923 billion | Kuwait | Middle East |
7 | GIC Private Limited | $847 billion | Singapore | Asia |
8 | Hong Kong Monetary Authority Investment Portfolio | $510 billion | Hong Kong | Asia |
9 | Qatar Investment Authority (QIA) | $475 billion | Qatar | Middle East |
10 | SAMA Foreign Holdings | $467 billion | Saudi Arabia | Middle East |
11 | National Council for Social Security Fund | $414 billion | China | Asia |
12 | Investment Corporation of Dubai | $359 billion | UAE | Middle East |
13 | Mubadala Investment Company | $302 billion | UAE | Middle East |
14 | Temasek Holdings | $289 billion | Singapore | Asia |
15 | Abu Dhabi Developmental Holding Company (ADQ) | $196 billion | UAE | Middle East |
16 | Korea Investment Corporation (KIC) | $189 billion | South Korea | Asia |
17 | Future Fund | $150 billion | Australia | Australia & Pacific |
18 | Ethiopian Investment Holdings | $150 billion | Ethiopia | Africa |
19 | National Welfare Fund | $141 billion | Russia | Europe |
20 | National Development Fund of Iran | $140 billion | Iran | Middle East |
21 | Alberta Investment Management Corporation | $118 billion | Canada | North America |
22 | Emirates Investment Authority | $87 billion | UAE | Middle East |
23 | Samruk-Kazyna | $81 billion | Kazakhstan | Asia |
24 | Alaska Permanent Fund Corporation | $78 billion | United States | North America |
25 | Brunei Investment Agency | $75 billion | Brunei | Asia |
26 | Libyan Investment Authority | $70 billion | Libya | Africa |
27 | University of Texas Investment Mgmt Company (UTIMCO) | $69 billion | United States | North America |
28 | Kazakhstan National Fund | $61 billion | Kazakhstan | Asia |
29 | State Oil Fund of Azerbaijan | $58 billion | Azerbaijan | Asia |
30 | New Zealand Superannuation Fund | $55 billion | New Zealand | Australia & Pacific |
31 | Texas Permanent School Fund (TPSF) | $52 billion | United States | North America |
32 | New Mexico State Investment Council (NMSIC) | $52 billion | United States | North America |
33 | Oman Investment Authority | $50 billion | Oman | Middle East |
34 | CNIC Corporation (Guoxin International Investment) | $33 billion | Hong Kong | Asia |
35 | Hong Kong Future Fund | $32 billion | Hong Kong | Asia |
36 | Russian Direct Investment Fund | $28 billion | Russia | Europe |
37 | Azerbaijan Investment Holding | $28 billion | Azerbaijan | Asia |
38 | Nuclear Waste Disposal Fund (KENFO) | $26 billion | Germany | Europe |
39 | Turkey Wealth Fund | $26 billion | Turkey | Middle East |
40 | Wyoming State Loan and Investment Board | $23 billion | United States | North America |
41 | Fund for Reconstruction and Development of Uzbekistan | $23 billion | Uzbekistan | Asia |
42 | Khazanah Nasional | $18 billion | Malaysia | Asia |
43 | Timor-Leste Petroleum Fund | $18 billion | Timor-Leste | Australia & Pacific |
44 | Mumtalakat Holding | $18 billion | Bahrain | Middle East |
45 | Revenue Regulation Fund (Fond de Regulation des Recettes) | $16 billion | Algeria | Africa |
46 | Ireland Strategic Investment Fund (ISIF) | $16 billion | Ireland | Europe |
47 | NSW Generations Fund (NGF) | $15 billion | Australia | Australia & Pacific |
48 | Sociedad Estatal de Participaciones Industriales (SEPI) | $14 billion | Spain | Europe |
49 | Malta Government Investments | $12 billion | Malta | Europe |
50 | Sovereign Fund of Egypt | $12 billion | Egypt | Middle East |
51 | Indonesia Investment Authority | $9.4 billion | Indonesia | Asia |
52 | Maharlika Investment Fund (MIF) | $8.9 billion | Philippines | Asia |
53 | Chile Pension Reserve Fund | $8.7 billion | Chile | Latin America |
54 | Hong Kong Investment Corporation | $8 billion | Hong Kong | Asia |
55 | Pakistan Sovereign Wealth Fund | $8 billion | Pakistan | Middle East |
56 | Solidium | $8 billion | Finland | Europe |
57 | North Dakota Legacy Fund | $8 billion | United States | North America |
58 | Monaco Constitutional Reserve Fund | $7.7 billion | Monaco | Europe |
59 | Hellenic Corporation of Assets and Participations (HCAP) | $7 billion | Greece | Europe |
60 | Heritage and Stabilization Fund | $5.8 billion | Trinidad & Tobago | North America |
61 | Social and Economic Stabilization Fund | $5.1 billion | Chile | Latin America |
62 | Utah SITFO | $3 billion | United States | North America |
63 | Colombia Savings and Stabilization Fund | $4.3 billion | Columbia | Latin America |
64 | Pula Fund | $4 billion | Botswana | Africa |
65 | Oesterreichische Beteiligungs AG | $4 billion | Austria | Europe |
66 | Alabama Trust Fund | $3.8 billion | United States | North America |
67 | Japan Investment Corporation | $3.6 billion | Japan | Asia |
68 | Regional Investment Company of Wallonia | $3.4 billion | Belgium | Europe |
69 | Idaho Endowment Fund Investment Board | $3.2 billion | United States | North America |
70 | Fundo Soberano de Angola (FSDEA) | $2.2 billion | Angola | Africa |
71 | Royal Bafokeng Holdings | $2.7 billion | Royal Bafokeng Nation | Africa |
72 | Fondo de Ahorro de Panama | $2.6 billion | Panama | Latin America |
73 | Nigeria Sovereign Investment Authority | $2.5 billion | Nigeria | Africa |
74 | Fondo Mexicano del Petroleo | $2.2 billion | Mexico | Latin America |
75 | SFPI-FPIM | $2.1 billion | Belgium | Europe |
76 | Mauritius Investment Corporation | $2 billion | Mauritius | Africa |
77 | Sharjah Asset Management | $2 billion | UAE | Middle East |
78 | Vietnam State Capital Investment Corporation | $1.9 billion | Vietnam | Asia |
79 | Sarawak Sovereign Wealth Future Fund | $1.8 billion | Malaysia | Asia |
80 | Oklahoma Tobacco Settlement Endowment Trust | $1.7 billion | United States | North America |
81 | Louisiana Education Quality Trust Fund (LEQTF) | $1.4 billion | United States | North America |
82 | Sentosa Development Corporation | $1.5 billion | Singapore | Asia |
83 | Colorado Public School Fund Investment Board | $1.3 billion | United States | North America |
84 | Mexico Budgetary Income Stabilization Fund | $1.3 billion | Mexico | Latin America |
85 | Israeli Citizens Fund | $1.2 billion | Israel | Middle East |
86 | Senegal FONSIS | $1.2 billion | Senegal | Africa |
87 | Armenian National Interests Fund | $1 billion | Armenia | Asia |
88 | Western Australian Future Fund | $1 billion | Australia | Australia & Pacific |
89 | Palestine Investment Fund | $960 million | Palestine | Middle East |
90 | National Development and Social Fund (Malta) | $730 million | Malta | Europe |
91 | Kiribati Revenue Equalization Reserve Fund | $730 million | Kiribati | Australia & Pacific |
92 | Bahrain Future Generations Reserve Fund | $680 million | Bahrain | Middle East |
93 | Ghana Heritage Fund | $650 million | Ghana | Africa |
94 | Guyana Natural Resource Fund | $650 million | Guyana | Latin America |
95 | Fujairah Holding | $500 million | UAE | Middle East |
96 | Luxembourg Intergenerational Sovereign Fund | $490 million | Luxembourg | Europe |
97 | Native Hawaiian Trust Fund | $440 million | United States | North America |
98 | Fund for Productive Industrial Revolution (FINPRO) | $420 million | Bolivia | Latin America |
99 | Ghana Infrastructure Investment Fund | $330 million | Ghana | Africa |
100 | Sovereign Fund of the Republic of Kosovo | $330 million | Kosovo | Europe |
101 | Mongolia Future Heritage Fund | $270 million | Mongolia | Asia |
102 | Agaciro Development Fund | $240 million | Rwanda | Africa |
103 | Ghana Stabilisation Fund | $200 million | Ghana | Africa |
104 | Little Red River Cree Nation Sovereign Wealth Fund | $190 million | Canada | North America |
105 | Sovereign Fund of Mozambique | $114 million | Mozambique | Africa |
Source: Caproasia Institute
2024 Rankings:
- 2024 List of Top Sovereign Wealth Funds
- 2024 Top 105 Sovereign Wealth Funds
- 2024 Top 31 Sovereign Wealth Funds in APAC
2022 Rankings:
- 2022 List of Top Sovereign Wealth Funds
- 2022 Top 100 Sovereign Wealth Funds
- 2022 Top 29 Sovereign Wealth Funds in APAC
- 2022 Top 100 Asset Owners Ranking
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