Country | Funds | Assets USD billion | Origin |
China[3][4][5][6][7] | China-Africa Development Fund / China Investment Corporation / National Council for Social Security Fund / SAFE Investment Company / CNIC Corporation Limited (Guoxin International Investment Co., Ltd.) | 2,750 | Non-commodity |
United Arab Emirates[a] | Abu Dhabi Developmental Holding Company[18] / Abu Dhabi Investment Authority / Dubai World / Emirates Investment Authority / Investment Corporation of Dubai / Mubadala Investment Company / Ras Al Khaimah Investment Authority / 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 | 1,555 | 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 | 969 | Oil & Gas |
Indonesia[30][31][32][33] | Indonesia Investment Authority / Danantara Indonesia Sovereign Fund/State-owned enterprises of Indonesia | 600-900[34][35][36][37] | Mineral, Non-commodity |
Hong Kong[38][39][40][41] |
HK SAR Exchange Fund (HK MAS) / Hong Kong Investment Corporation[c] |
576 |
Non-commodity |
Qatar | Qatar Investment Authority | 510 | Oil & Gas |
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][42] State-level entities Alaska Permanent Fund / New Mexico State Investment Council / Permanent Wyoming Mineral Trust Fund / Utah School and Institutional Trust Funds Office / Idaho Endowment Fund Investment Board / Texas Permanent School Fund / Texas Permanent University Fund / Alabama Trust Fund / North Dakota Legacy Fund / Louisiana Education Quality Trust Fund / Oregon Common School Fund / West Virginia Future Fund |
332 | Oil & Gas / Non-commodity / Minerals / Public Lands |
Turkey[43] | Turkey Wealth Fund | 302 | Non-commodity |
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 |
Non-commodity |
Azerbaijan[55] | Azerbaijan Investment Holding / State Oil Fund of Azerbaijan | 75 | Oil & Gas |
Brunei[56] | Brunei Investment Agency | 73 | Oil & Gas |
Tanzania |
Natural Gas Revenue Fund |
66.4 |
Oil & Gas |
Ethiopia[57] | Ethiopian Investment Holdings | 46.0 | Non-commodity |
Oman[58] | Oman Investment Authority | 41.5 | Oil & Gas |
Libya[59] | Libyan Investment Authority | 38.8 | Oil & Gas |
Austria | Österreichische Beteiligungs AG | 32 | Non-commodity |
New Zealand | New Zealand Superannuation Fund | 27 | 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 | Copper |
Bahrain[62] | Mumtalakat Holding Company | 18.6 | Oil & Gas |
Timor-Leste[63] | Timor-Leste Petroleum Fund | 17 | Oil & Gas |
Canada |
Alberta Investment Management Corporation / Alberta Heritage Savings Trust Fund |
16 |
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 | Oil & Gas |
Egypt[64] | The Sovereign Fund of Egypt | 11.9 | Non-commodity |
Italy |
CDP Equity, Fondo nazionale del Made in Italy |
11 |
Oil & Gas / Non-commodity |
Philippines | Maharlika Investment Fund | 9.2 | Non-commodity |
Pakistan |
Pakistan Sovereign Wealth Fund |
8.0 |
Oil & Gas / Non-commodity |
Mexico | Fondo Mexicano del Petroleo para la Estabilizacion y el Desarrollo | 7 | Oil & Gas |
Trinidad and Tobago | The Heritage and Stabilization Fund[65] | 6 | Oil & Gas |
Peru | Fiscal Stabilization Fund | 5 | Non-commodity |
Angola | Fundo Soberano de Angola | 5 | Oil & Gas |
Botswana[66] | Pula Fund | 4.9 | Diamonds |
Mongolia | Chinggis Fund / Future Heritage Fund[67][68]/ Fiscal Stability Fund[69] | 4 | Minerals |
Denmark | Danish Growth Fund / Export and Investment Fund of Denmark [70] | 4 |
Non-commodity |
Nigeria | Nigeria Sovereign Investment Authority / Bayelsa Development and Investment Corporation | 2 | Oil & Gas |
Ghana | Ghana Petroleum Funds / Ghana Infrastructure Investment Fund | 2 | Oil & Gas |
Israel[71] | Israeli Citizens' Fund | 1.83 | Gas & Minerals |
Panama | Fondo de Ahorro de Panamá | 1.4 | Non-commodity |
Vietnam | State Capital Investment Corporation | 1.2 | Non-commodity |
Gabon | Fonds Gabonais d’Investissements Stratégiques | 1.0 | Oil & Gas |
Kiribati | Revenue Equalization Reserve Fund | 1.0 | Phosphates |
Bolivia | Fondo para la Revolución Industrial Productiva | 0.4 | Non-commodity |
Brazil | Fundo Soberano de Estado do Espirito Santo | 0.2 | Unknown |
Senegal | Fonds Souverain d'Investissements Stratégiques | 0.1 | Non-commodity |
Mauritania | National des Revenus des Hydrocarbures | 0.1 | Oil & Gas |
Equatorial Guinea | Réserves pour Générations Futures | 0.1 | |