List of countries by sovereign wealth funds

From Wikipedia, the free encyclopedia

A sovereign wealth fund (SWF) is a fund owned by 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, gold, SDRs and 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 domestic and different reserve currencies such as the dollar, euro and yen. The names attributed to the management entities may include central banks, official investment companies, state pension funds, sovereign oil funds, among others.

[edit] Largest sovereign wealth funds

See also: List of countries by foreign exchange reserves

Country Fund Assets $Billion Inception Origin Approx wealth per citizen  United Arab Emirates (Abu Dhabi Emirate) ADIA Abu Dhabi Investment Authority $875[1] 1976 Oil $1,000,000  Norway GPF The Government Pension Fund of Norway $350[2] 1990 Oil $74,500  Singapore GIC Government of Singapore Investment Corporation $330[3] 1981 Non-commodity $100,000  Kuwait KIA Kuwait Investment Authority $250 1953 Oil $80,000  China CIC China Investment Corporation $200[4] 2007.09.28 Non-commodity $151  Singapore Temasek Holdings1 $159.2[3] 1974 Non-commodity $35,400  Australia FFMA Australian Government Future Fund $81.3[5] 2004 Non-commodity $3,900  Qatar QIA Qatar Investment Authority $50[6] 2000 Oil $250,000  United States (Alaska) APFC Alaska Permanent Fund $40.1 1976 Oil $61,000  Libya Libyan Investment Authority $40 2007 Oil $7,200  Russia RNWF Russian National Wealth Fund $32.6 [7] 2008 Oil n/a  Brunei BIA Brunei Investment Agency $30 1983 Oil $90,100  South Korea KIC Korea Investment Corporation $200 2007 Non-commodity $417  Malaysia KN Khazanah Nasional $18.3 1993 Non-commodity $658  Kazakhstan KNF Kazakhstan National Fund $23.0 2000 Oil $1170  China SAFE State Administration of Foreign Exchange n/a n/a Non-commodity n/a  Taiwan NSF National Stabilisation Fund $15 2000 Non-commodity $652  Iran OSF Oil Stabilisation Fund $12.9 1999 Oil $174  United Arab Emirates (Dubai Emirate) Istithmar n/a 2003 Oil n/a  Saudi Arabia Saudi Arabia Sovereign Wealth Fund $5.2[8] 2008 Oil n/a

[edit] Source

• Gulf states Sovereign wealth fund reserves swell, Financial Times, 31 May 2007
• The $2.5 trillion wave of cash heading our way, The Daily Telegraph, 16 July 2007
• Sovereign Wealth Funds: The Need for Greater Transparency and Accountability, Peterson Institute, 20 October 2007

[edit] References

1. ^ Asset-backed insecurity. The Economist (2008-01-17).
2. ^ (Norwegian) DN.no - Halvorsen til Davos som en av de store
3. ^ ^{a b} Asset-backed insecurity. The Economist (2008-01-17).
4. ^ China Investment Corporation unveils investment plan. Embassy of the People's Republic of China in the United States (2007-11-07). Retrieved on 2008-04-11.
5. ^ Australian Future Fund. Retrieved on 2008-01-24.
6. ^ Will McSheehy and Matthew Brown (2007-09-04). Qatar Fund to Buy Asian Assets to Counter Weak Dollar. Bloomberg L.P..
7. ^ Ministry of Finance of the Russian Federation
8. ^ Andrew England (2008-28-04). Saudis to launch $5.3bn sovereign fund. Financial Times.

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