The assets of Kuwait’s Sovereign Fund (Future Generations Fund) surpassed $1 trillion for the first time, reaching $1.03 trillion. The Sovereign Fund, which is managed by the General Investment Authority, ranks fifth globally and second in the Arab world, according to the latest data from the Institute of Sovereign Wealth Funds.
Data from the institute shows that the assets of the Kuwaiti Sovereign Fund, increased from $980 billion to $1.03 trillion. The Future Generations Fund is also the world’s oldest sovereign wealth fund.
The Norwegian Fund ranks first with $1.74 trillion in assets, followed by the Chinese Investment Authority at $1.33 trillion. The Chinese Sovereign Fund holds third place with $1.09 trillion, while the Abu Dhabi Investment Authority comes fourth with $1.06 trillion in assets.
Source: Al Anba
