Top 10 State-Owned Investment Management Agencies in the World
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President Prabowo Subianto was to launch a state-owned investment management agency—or sovereign wealth fund (SWF)—named Daya Anagata Nusantara (Danantara).
An SWF is an agency that manages state assets from balance of payments surpluses, fiscal surpluses, export revenues from resources, and various other state revenues.
According to the Sovereign Wealth Fund Institute, the world's largest SWFs are currently owned by the governments of Norway, China, the United Arab Emirates, Kuwait, Saudi Arabia, Singapore, Qatar, and Hong Kong.
The following is a complete list of the top 10 state-owned investment management agencies or SWFs with the largest global assets as of November 6, 2024:
1. Norway Government Pension Fund Global (GPFG), Norway: US$1.8 trillion
2. China Investment Corporation (CIC), China: US$1.33 trillion
3. SAFE Investment Company, China: US$1.09 trillion
4. Abu Dhabi Investment Authority (ADIA), United Arab Emirates: US$1.06 trillion
5. Kuwait Investment Authority (KIA), Kuwait: US$980 billion
6. Public Investment Fund of Saudi Arabia (PIF), Saudi Arabia: US$925 billion
7. GIC Private Limited, Singapore: US$800.8 billion
8. Qatar Investment Authority (QIA), Qatar: US$526.05 billion
9. Hong Kong Monetary Authority Investment Portfolio (HKMA IP), Hong Kong: US$514.35 billion
10. National Council for Social Security Fund (NSSF), China: US$414 billion
*Editor's Note: This article has been updated following reports that the launch of Danantara has been cancelled on November 7, 2024.*
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."