Kuwait ranked third globally and first regionally on the list of the Institute of Sovereign Wealth Funds, in terms of its assets, which amounted to USD 692.9 billion, and the total value of the assets of sovereign funds in the world amounted to USD 9.14 trillion, according to data collected by the Institute, Al Anbaa reported.
The list was topped by the Norwegian Government Pension Fund with assets of USD 1.36 trillion, followed by the China Investment Corporation with assets of USD 1.12 trillion, then the Kuwait Investment Authority Fund third with assets of USD 692.9 billion, then the Abu Dhabi Investment Authority fourth with assets of USD 649.17 billion, and fifth, the Hong Kong Monetary Authority Kong has assets of USD 580.5 billion.
In terms of regional distribution, the report showed that the Asia region acquired the largest share of the total, with 41.7% of the assets of global sovereign funds, while the Middle East came in second place with 32.8% of the total.
Europe and North America came in third and fourth places with 18.1% and 3.8%, respectively, then Australia and the Pacific region with 2.3%, while the lowest percentage was for Africa and Latin America by 0.9% and 0.4%, respectively.
The institute explained that the study of the main difference between the value of the funds’ assets during the period between 2000 and 2012 compared to their value during the period between 2012 and 2021, shows that the increase in the assets of funds during the recent period is represented in the investment returns achieved by the funds in the current period of time, especially in the markets where they have spread widely. Extensive quantitative easing measures by central banks.
The report said that global sovereign wealth funds have become a major source of capital, such as investment companies and institutional investments, which are distinguished by their long-standing and ability to invest in the long term.
The report stated that the Institute’s president, Michael Madewell, has been constantly studying the affairs of sovereign funds and the developments they are witnessing since 2007, and is conducting extensive research in order to educate the people and the public and unveil the affairs of sovereign funds.
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