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

More information Country, Funds ...
CountryFundsAssets

(billions USD)

Origin
 ChinaChina–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
3,528Non-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]
2,695Oil & Gas
Non-commodity
 Singapore[b]Monetary Authority of Singapore
Government of Singapore Investment Corporation
Temasek Holdings
Central Provident Fund
2,074Non-commodity
 Norway[26]Government Pension Fund of Norway2,044Oil & Gas
 Canada CPP Investments

Canada Strong Fund
Province-level entities

2,013 Oil & Gas
Non-commodity
 Saudi Arabia[27][28]Public Investment Fund
National Development Fund
1,345Oil & Gas
 Kuwait[29]Kuwait Investment Authority
Gulf Investment Corporation
Wafra International Investment Company
1,029Oil & Gas
 Indonesia[30][31][32]Indonesia Investment Authority
Danantara Indonesia Sovereign Fund
Government Investment Unit of Indonesia
900
Mineral, Non-commodity
 Hong Kong[33][34][35][36] HK SAR Exchange Fund (HK MAS)
Hong Kong Investment Corporation[c]
576 Non-commodity
 QatarQatar Investment Authority557Oil & Gas
 Turkey[37][38]Turkey Wealth Fund360Non-commodity
 AustraliaFuture Fund
Queensland Investment Corporation
Victorian Funds Management Corporation
New South Wales Treasury Corporation
Western Australia Future Health Research and Innovation Fund
357Non-commodity
 United StatesUnited States sovereign wealth fund[1][39]
State-level entities
332Oil & Gas
Non-commodity
Minerals
Public Lands
 South Korea[40][41] Korea Investment Corporation 181 Non-commodity
 Russia[42][43]Russian National Wealth Fund
Russian Direct Investment Fund
174Oil & Gas
Non-commodity
 Iran[44]National Development Fund of Iran156.5Oil & Gas
 KazakhstanSamruk-Kazyna[45]
National Investment Corporation
155.1Oil & Gas
 Malaysia[46][47][48][49] Khazanah Nasional
Permodalan Nasional Berhad
Lembaga Tabung Angkatan Tentera
Sarawak Sovereign Wealth Future Fund[50]
119.0 Non-commodity
 Azerbaijan[51]Azerbaijan Investment Holding
State Oil Fund of Azerbaijan
75.0Oil & Gas
 Brunei[52]Brunei Investment Agency73.0Oil & Gas
 Tanzania Natural Gas Revenue Fund 66.4 Oil & Gas
 Oman[53]Oman Investment Authority 53.0Oil & Gas
 Ethiopia[54]Ethiopian Investment Holdings46.0Non-commodity
 Libya[55]Libyan Investment Authority38.8Oil & Gas
 United Kingdom National Wealth Fund (United Kingdom) 37.0 Non-commodity
 AustriaÖsterreichische Beteiligungs AG32.0Non-commodity
 New ZealandNew Zealand Superannuation Fund27.0Non-commodity
 Ireland[56][57]Ireland Strategic Investment Fund
Future Ireland Fund
28.3Non-commodity
 ChileEconomic and Social Stabilization Fund
Pension Reserve Fund
21.0Copper
 Bahrain[58]Mumtalakat Holding Company18.6Oil & Gas
 Timor-Leste[59]Timor-Leste Petroleum Fund17.0Oil & Gas
 Zimbabwe Mutapa Investment Fund 16.0 Minerals
 IndiaNational Investment and Infrastructure Fund
Tamil Nadu Industrial Development Corporation
12.4Non-commodity
 ColombiaFondo de Ahorro y Estabilización Petrolera
Fideicomiso Fondo de Ahorro y Estabilización
12.0Oil & Gas
 Greece[60] Growthfund 12.0 Non-commodity
 Japan Japan Investment Corporation 12.0
 Egypt[61]The Sovereign Fund of Egypt11.9Non-commodity
 Italy CDP Equity, Fondo nazionale del Made in Italy 11.0 Oil & Gas
Non-commodity
 PhilippinesMaharlika Investment Fund9.20Non-commodity
Pakistan Pakistan Sovereign Wealth Fund 8.00 Oil & Gas
Non-commodity
 MexicoFondo Mexicano del Petroleo para la Estabilizacion y el Desarrollo7.00Oil & Gas
 Spain Cofides[62]Sociedad Estatal de Participaciones Industriales 6.00 Non-commodity
 Trinidad and TobagoThe Heritage and Stabilization Fund[63]6.00Oil & Gas
 PeruFiscal Stabilization Fund5.00Non-commodity
 AngolaFundo Soberano de Angola5.00Oil & Gas
 Botswana[64]Pula Fund4.90Diamonds
 MongoliaChinggis Fund
Future Heritage Fund[65][66]
Fiscal Stability Fund[67]
4.00Minerals
 DenmarkDanish Growth Fund
Export and Investment Fund of Denmark [68]
4.00

Non-commodity

 Israel[69][70] Israeli Citizens' Fund 2.08 Oil & Gas
Minerals
 NigeriaNigeria Sovereign Investment Authority
Bayelsa Development and Investment Corporation
2.00Oil & Gas
 GhanaGhana Petroleum Funds
Ghana Infrastructure Investment Fund

Minerals Income Investment Fund

2.00Oil & Gas

Minerals

 GabonFonds Gabonais d’Investissements Stratégiques[71]1.89Oil & Gas
 PanamaFondo de Ahorro de Panamá1.40Non-commodity
 VietnamState Capital Investment Corporation1.20Non-commodity
 SenegalFonds Souverain d'Investissements Stratégiques[72]1.20Non-commodity
 KiribatiRevenue Equalization Reserve Fund1.00Phosphates
 BoliviaFondo para la Revolución Industrial Productiva0.40Non-commodity
 Tuvalu Tuvalu Trust Fund

Consolidated Investment Fund

0.33
 Brazil[73]Fundo Soberano de Estado do Espirito Santo0.20Oil & Gas
 MauritaniaNational des Revenus des Hydrocarbures0.10Oil & Gas
 Equatorial GuineaRéserves pour Générations Futures0.10
 SwedenFörvaltningsaktiebolaget Stattum
 Nauru Nauru Phosphate Royalties Trust Phosphate
 Portugal Parpública
 Finland Solidium
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See also

Notes

  1. 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

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