World's largest sovereign wealth funds
- Middle East: Tuesday, November 06 - 2012 at 15:16
Norway's Government Pension Fund has replaced the Abu Dhabi Investment Authority (ADIA) as the largest sovereign wealth fund in the world, according to the latest rankings by the Sovereign Wealth Fund Institute (SWFI).
China's State Administration of Foreign Exchange (SAFE) remains third on the list with assets estimated to be worth around $567.9bn, while Saudi Arabia's SAMA Foreign Holdings is in the fourth spot with approximately $532.8bn.
The China Investment Corporation (CIC) rounded out the top five with assets worth $482bn.
Overall, the combined assets of SWFs increased 6% in the third quarter of this year to $5.14 trillion, up from $4.84 trillion in Q3 2011.
Following are the top 25 largest sovereign wealth funds by assets under management.
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