Sovereign Wealth Funds: Moving Capital Markets
- A Sovereign Wealth Fund is a state-owned investment fund that manages surplus capital.
- Sovereign Wealth Funds are long-term investors, investing across multiple capital markets and asset classes.
- Sovereign Wealth Funds create reserves for future generations, stabilise economies, drive innovation and economic development.
- Sovereign Wealth Funds are significant in global capital markets; 180+ SWFs have assets under management of c. USD 15tn.
- There are a further 280+ public pension funds with assets under management of USD 25.5 tn.
Sovereign Wealth Funds, Europe
Albania: Albanian Investment Corporation
Austria: Oesterreichische Beteiligungs AG
Belgium: Regional Investment Company of Wallonia, SFPI-FPIM
Cyprus: Cyprus National Investment Fund
Denmark: Export and Investment Fund of Denmark, Vaekstfonden
Finland: Finnish Industry Investment, Solidium
France: France Strategic Investment Fund
Germany: Nuclear Waste Disposal Fund
Greece: Greece Sovereign Wealth Fund, Hellenic Corporation of Assets and Participations S.A.
Ireland: Future Ireland Fund, National Pensions Reserve Fund, Ireland Infrastructure, Climate and Nature Fund, Ireland Strategic Investment Fund
Italy: Fondo Strategico Nazionale del Made in Italy
Kosovo: Sovereign Fund of the Republic of Kosovo
Luxembourg: Luxembourg Intergenerational Sovereign Fund
Malta: Malta Government Investments, National Development and Social Fund (Malta)
Monaco: Monaco Constitutional Reserve Fund
Norway: Norway Government Pension Fund Global
Poland: Polish Development Fund
Russia: Russian Direct Investment Fund, Reserve Fund of Russia, National Welfare Fund
Slovenia: Slovenian Sovereign Holding
Spain: Sociedad Estatal de Participaciones Industriales
Sweden: Förvaltningsaktiebolaget Stattum, Statsföretag
United Kingdom: National Wealth Fund, UK, UK National Security Strategic Investment Fund
Sovereign Wealth Funds, North America
Sovereign Wealth Funds, Canada
Alberta Investment Management Corporation
Kahnawake Sovereign Wealth Fund
Little Red River Cree Nation Sovereign Wealth Fund
Nikutik Sovereign Wealth Fund
Northwest Territories Heritage Fund
Ontario First Nations Sovereign Wealth
Sovereign Wealth Funds, Trinidad and Tobago
Heritage and Stabilization Fund
Sovereign Wealth Funds, United States of America
Alabama Trust Fund
Alaska Permanent Fund Corporation
Colorado Public School Fund Investment Board
Idaho Endowment Fund Investment Board
Louisiana Education Quality Trust Fund
Native Hawaiian Trust Fund
New Mexico State Investment Council
North Dakota Legacy Fund
Oklahoma Tobacco Settlement Endowment Trust
Texas Permanent School Fund
University of Texas Investment Management Company
Utah SITFO
West Virginia Future Fund
Wisconsin Board of Commissioners of Public Lands
Wyoming State Loan and Investment Board
Sovereign Wealth Funds, Asia
Armenia: Armenian National Interests Fund
Azerbaijan: Azerbaijan Investment Holding, State Oil Fund of Azerbaijan
Bhutan: Druk Holding and Investments, Bhutan Economic Stabilization Fund
Brunei: Brunei Investment Agency
China: National Council for Social Security Fund, SAFE Investment Company, Beijing State-Owned Assets Management Co Ltd, China Investment Corporation
Hong Kong SAR China: CNIC Corporation Limited, Hong Kong Future Fund, Hong Kong Investment Corporation, Hong Kong Monetary Authority Investment Portfolio
Indonesia: Badan Pengelola Investasi Daya Anagata Nusantara, Indonesia Investment Authority
Japan: Japan Investment Corporation
Kazakhstan: National Investment Corporation, Samruk-Kazyna, Kazakhstan National Fund
Malaysia: Khazanah Nasional, Sarawak Sovereign Wealth Future Fund
Mongolia: Mongolia Fiscal Stability Fund, Mongolia Future Heritage Fund
Pakistan: Pakistan Sovereign Wealth Fund
Philippines: Maharlika Investment Fund
Singapore: GIC Private Limited, Sentosa Development Corporation, Temasek Holdings
South Korea: Korea Investment Corporation
Taiwan: Taiwan National Development Fund, Taiwan National Stabilization Fund
Turkmenistan: Turkmenistan Stabilization Fund
Uzbekistan: National Investment Fund of Uzbekistan, Fund for Reconstruction and Development of Uzbekistan
Vietnam: State Capital Investment Corporation
Sovereign Wealth Funds, Middle East
Bahrain: Bahrain Future Generations Reserve Fund, Mumtalakat Holding
Egypt: Sovereign Fund of Egypt
Iran: Development Fund for Iraq
Iraq: National Development Fund of Iran, Iran Oil Stabilization Fund
Israel: Israeli Citizens Fund
Kuwait: Ciyada Development Fund, Kuwait Investment Authority
Oman: Oman Future Fund, Oman Investment Authority, Oman Investment Fund,
Oman State General Reserve Fund
Palestinian Territories: Palestine Investment Fund
Qatar: Qatar Investment Authority, Qatar Investment Office
Saudi Arabia: Istedamah Holding Company, Public Investment Fund, Saudi Technology Development and Investment Company
Turkey: Turkey Wealth Fund
United Arab Emirates: Abu Dhabi Developmental Holding Company, Abu Dhabi Investment Authority, Abu Dhabi Investment Council, Dubai Investment Fund, Emirates Investment Authority, Fujairah Holding, International Petroleum Investment Company, Investment Corporation of Dubai, Mubadala Development Company, Mubadala Investment Company, Sharjah Asset Management
Sovereign Wealth Funds, Oceania
Australia: Future Fund, NSW Generations Fund, Western Australian Future Fund
Kiribati: Kiribati Revenue Equalization Reserve Fund
Nauru: Intergenerational Trust Fund for the People of the Republic of Nauru
New Zealand: New Zealand Superannuation Fund
Papua New Guinea: Papua New Guinea Sovereign Wealth Fund
Timor-Leste: Timor-Leste Petroleum Fund
Tuvalu: Tuvalu Trust Fund
Sovereign Wealth Funds, South & Central America
Bolivia: Fund for Productive Industrial Revolution
Brazil: Fundo Soberano Marica, Fundo Soberano de Estado do Espirito Santo, Fundo Soberano de Estado do Rio do Janeiro, Fundo Soberano do Municipio da Estancia Balnearia de Ilhabela, Fundo de Equalizacao da Receita de Niteroi, Sovereign Fund of Brazil
Chile: Social and Economic Stabilization Fund, Chile Pension Reserve Fund, Colombia Savings and Stabilization Fund
Guyana: Guyana Natural Resource Fund
Mexico: Fondo Mexicano del Petroleo, Mexico Budgetary Income Stabilization Fund, Oil Revenues Stabilization Fund of Mexico
Panama: Fondo de Ahorro de Panama
Peru: Peru Fiscal Stabilization Fund
Suriname: Savings and Stability Fund Suriname
Venezuela: FEM, FIEM – Macroeconomic Stabilization Fund
Sovereign Wealth Funds, Africa
Algeria: Revenue Regulation Fund
Angola: Fundo Soberano de Angola
Benin: Deposit and Consignment Fund of Benin
Botswana: Pula Fund
Cape Verde: Cape Verde Sovereign Wealth Fund
Djibouti: Sovereign Fund of Djibouti
Equatorial Guinea: Equatorial Guinea Fund for Future Generations
Ethiopia: Ethiopian Investment Holdings
Gabon: Gabonese Stabilization and Equalization Fund, Sovereign Fund of the Gabonese Republic
Ghana: Ghana Heritage Fund, Ghana Infrastructure Investment Fund, Ghana Minerals Income Investment Fund, Ghana Stabilisation Fund
Guinea: Guinea Special Investment Fund
Libya: Libyan Investment Authority
Mauritania: National Fund for Hydrocarbon Reserves
Mauritius: Mauritius Investment Corporation
Morocco: Mohammed VI Investment Fund Morocco
Mozambique: Sovereign Fund of Mozambique
Namibia: Namibia Minerals Development Fund, Sovereign Fund of Namibia, Welwitschia Fund
Nigeria: Bayelsa Development and Investment Corporation, Ekiti State Wealth Fund, Lagos State Wealth Fund, Nigeria Sovereign Investment Authority
Rwanda: Agaciro Development Fund
Senegal: Senegal FONSIS
South Africa: Royal Bafokeng Holdings
Uganda: Petroleum Investment Fund Uganda
Zimbabwe: Sovereign Wealth Fund of Zimbabwe
