Top 10 Sovereign Wealth Funds in the World by Assets Under Management

Sovereign wealth funds (SWFs) are powerful financial instruments used by governments to manage national savings, invest surplus revenues, and stabilise economies.

In 2024, the top 10 sovereign wealth funds collectively manage trillions of dollars in global assets, influencing global markets, infrastructure, and even innovation sectors.

Below is the top 10 Sovereign Wealth Funds by AUM according to Sovereign Wealth Fund Institute:

 Norway Government Pension Fund Global – $1.78 trillion

World's largest SWF, built from Norway’s oil revenues and known for its ethical investing principles.

China Investment Corporation (CIC) – $1.3 trillion

A key player in global markets, CIC invests in infrastructure, energy, and high-growth sectors.

State Administration of Foreign Exchange (SAFE), China – $1.2 trillion

Another Chinese heavyweight managing part of the country’s vast foreign exchange reserves.

Abu Dhabi Investment Authority (ADIA) – $1.05 trillion

One of the oldest and most secretive funds, investing oil revenues globally.

Kuwait Investment Authority (KIA) – $1 trillion

The world’s oldest sovereign fund, playing a crucial role in diversifying Kuwait’s oil-based economy.

Public Investment Fund (PIF), Saudi Arabia – $925 billion

Driving Saudi Arabia’s Vision 2030, this fund has ramped up global investments in tech and sports.

Danantara Indonesia – $900 billion

A rapidly rising SWF focusing on domestic infrastructure and development.

GIC Private Limited, Singapore – $850 billion

Known for its long-term investments in real estate, tech, and emerging markets.

Qatar Investment Authority (QIA) – $530 billion

A globally active fund investing in prime assets including banks, real estate, and luxury brands.

Hong Kong Monetary Authority Investment Portfolio – $514 billion

Manages part of Hong Kong’s foreign reserves with a focus on stable returns.