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This article was first published 10 years ago

30 biggest sovereign wealth funds in the world

Last updated on: May 15, 2013 08:57 IST

Image: Royal Palace at the end of Karl Johans Gate in Oslo, Norway.
Photographs: Suzanne Plunkett/Reuters

Sovereign wealth fund is a state-owned investment fund comprising of financial assets such as stocks, bonds, property, precious metals and other financial instruments that are invested globally.

Some countries have created SWFs to diversify their revenue streams.

The amount of money in these SWF is substantial.

Let's take a look at some of the biggest sovereign wealth funds in the world.

Source: swfinstitute.org

Norway

Sovereign wealth fund name: Government Pension Fund - Global

Total assets: $715.9 billion

Year of inception: 1990

Original source of funds: Oil

Global rank in total funds: 1

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30 biggest sovereign wealth funds in the world

Image: Sowwah Square on Marayah Island in Abu Dhabi's central business district, United Arab Emirates.
Photographs: Ben Job/Reuters

Abu Dhabi, United Arab Emirates

Sovereign wealth fund name: Abu Dhabi Investment Authority

Total assets: $627 billion

Year of inception: 1976

Original source of funds: Oil

Global rank in total funds: 2

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30 biggest sovereign wealth funds in the world

Image: A view of Yintai Centre, left, and China World Trade Centre Tower III, right, in Beijing's central business district, China.
Photographs: Jason Lee/Reuters

China

Sovereign wealth fund name: Safe Investment Company

Total assets: $567.9 billion

Year of inception: 1997

Original source of funds: Non-commodity

Global rank in total funds: 3

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30 biggest sovereign wealth funds in the world

Image: Kingdom Tower in Riyadh, Saudi Arabia.
Photographs: Ali Jarekji/Reuters

Saudi Arabia

Sovereign wealth fund name: Sama Foreign Holdings

Total assets: $532.8 billion

Year of inception: N/A

Original source of funds: Oil

Global rank in total funds: 4

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30 biggest sovereign wealth funds in the world

Image: An aerial view shows vehicles travelling on intersections at night in downtown Shanghai, China.
Photographs: Aly Song/Reuters

China

Sovereign wealth fund name: China Investment Corporation

Total assets: $482 billion

Year of inception: 2007

Original source of funds: Non-commodity

Global rank in total funds: 5

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30 biggest sovereign wealth funds in the world

Image: A view of Kuwait City.
Photographs: Stephanie Mcgehee/Reuters

Kuwait

Sovereign wealth fund name: Kuwait Investment Authority

Total assets: $342 billion

Year of inception: 1953

Original source of funds: Oil

Global rank in total funds: 6

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30 biggest sovereign wealth funds in the world

Image: An aerial view of Hong Kong's cityscape.
Photographs: Bobby Yip/Reuters

Hong Kong

Sovereign wealth fund name: Hong Kong Monetary Authority Investment Portfolio

Total assets: $298.7 billion

Year of inception: 1993

Original source of funds: Non-commodity

Global rank in total funds: 7

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30 biggest sovereign wealth funds in the world

Image: A view of Singapore's central business district.
Photographs: Stringer/Reuters

Singapore

Sovereign wealth fund name: Government of Singapore Investment Corporation

Total assets: $247.5 billion

Year of inception: 1981

Original source of funds: Non-commodity

Global rank in total funds: 8

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30 biggest sovereign wealth funds in the world

Image: St Nicholas (Nikolskaya) Tower, left, and History Museum, right, in Moscow's Red Square, Russia.
Photographs: Mikhail Voskresensky/Reuters

Russia

Sovereign wealth fund name: National Welfare Fund

Total assets: $175.5 billion

Year of inception: 2008

Original source of funds: Oil

Global rank in total funds: 9

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30 biggest sovereign wealth funds in the world

Image: An aerial view shows Shanghai's financial district skyline along the Huang Pu river in China.
Photographs: Reuters

China

Sovereign wealth fund name: National Social Security Fund

Total assets: $160.6 billion

Year of inception: 2000

Original source of funds: Non-commodity

Global rank in total funds: 10

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30 biggest sovereign wealth funds in the world

Image: A roller coaster in front of the 'Far Far Away' section at the Universal Studios theme park in Singapore.
Photographs: Vivek Prakash/Reuters

Singapore

Sovereign wealth fund name: Temasek Holdings

Total assets: $157.5 billion

Year of inception: 1974

Original source of funds: Non-commodity

Global rank in total funds: 11

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30 biggest sovereign wealth funds in the world

Image: A view of Doha with buildings under construction in Qatar.
Photographs: Fadi Al-Assaad/Reuters

Qatar

Sovereign wealth fund name: Qatar Investment Authority

Total assets: $115 billion

Year of inception: 2005

Original source of funds: Oil

Global rank in total funds: 12

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30 biggest sovereign wealth funds in the world

Image: An outdoor shopping mall in Melbourne, Australia.
Photographs: Mick Tsikas/Reuters

Australia

Sovereign wealth fund name: Australian Future Fund

Total assets: $88.7 billion

Year of inception: 2006

Original source of funds: Non-commodity

Global rank in total funds: 13

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30 biggest sovereign wealth funds in the world

Image: A view of Jardin Essai botanical garden at Hamma in Algiers, Algeria.
Photographs: Louafi Larbi/Reuters

Algeria

Sovereign wealth fund name: Revenue Regulation Fund

Total assets: $77.2 billion

Year of inception: 2000

Original source of funds: Oil and gas

Global rank in total funds: 14

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30 biggest sovereign wealth funds in the world

Image: Towers are seen next to a Dubai Metro station on Sheikh Zayed Road in Dubai, United Arab Emirates.
Photographs: Jumana El Heloueh/Reuters

Dubai, United Arab Emirates

Sovereign wealth fund name: Investment Corporation of Dubai

Total assets: $70 billion

Year of inception: 2006

Original source of funds: Oil

Global rank in total funds: 15

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30 biggest sovereign wealth funds in the world

Image: A view of Abu Dhabi's skyline in United Arab Emirates.
Photographs: Ahmed Jadallah/Reuters

Abu Dhabi, United Arab Emirates

Sovereign wealth fund name: International Petroleum Investment Corporation

Total assets: $65.3 billion

Year of inception: 1984

Original source of funds: Oil

Global rank in total funds: 16

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30 biggest sovereign wealth funds in the world

Image: A view of Leptis Magna, a Unesco World Heritage site on the Mediterranean coast of North Africa, some 120km east of Tripoli in Libya.
Photographs: Youssef Boudlal/Reuters

Libya

Sovereign wealth fund name: Libyan Investment Authority

Total assets: $65 billion

Year of inception: 2006

Original source of funds: Oil

Global rank in total funds: 17

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30 biggest sovereign wealth funds in the world

Image: A view of Astana, capital of Kazakhstan.
Photographs: Valery Kaliev/Reuters

Kazakhstan

Sovereign wealth fund name: Kazakhstan National Fund

Total assets: $61.8 billion

Year of inception: 2000

Original source of funds: Oil

Global rank in total funds: 18

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30 biggest sovereign wealth funds in the world

Image: People exit subway station in the Gangnam area of Seoul, South Korea.
Photographs: Lee Jae-Won/Reuters

South Korea

Sovereign wealth fund name: Korea Investment Corporation

Total assets: $56.6 billion

Year of inception: 2005

Original source of funds: Non-commodity

Global rank in total funds: 19

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30 biggest sovereign wealth funds in the world

Image: A view of Ferrari World Abu Dhabi, a Ferrari themed amusement park, in United Arab Emirates.
Photographs: Reuters

Abu Dhabi, United Arab Emirates

Sovereign wealth fund name: Mubadala Development Company

Total assets: $53.1 billion

Year of inception: 2002

Original source of funds: Oil

Global rank in total funds: 20

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30 biggest sovereign wealth funds in the world

Image: A view of residential buildings in north western Tehran, Iran.
Photographs: Morteza Nikoubazl/Reuters

Iran

Sovereign wealth fund name: National Development Fund of Iran

Total assets: $49.6 billion

Year of inception: 2011

Original source of funds: Oil and gas

Global rank in total funds: 21

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30 biggest sovereign wealth funds in the world

Image: Aurora Borealis is pictured above a house along the Old Glenn Highway, Alaska, United States.
Photographs: Oscar Edwin Avellaneda/Reuters

Alaska, United States

Sovereign wealth fund name: Alaska Permanent Fund

Total assets: $46.8 billion

Year of inception: 1976

Original source of funds: Oil

Global rank in total funds: 22

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30 biggest sovereign wealth funds in the world

Image: A view of the city centre of Kuala Lumpur under a light haze in Malaysia.
Photographs: Bazuki Muhammad/Reuters

Malaysia

Sovereign wealth fund name: Khazanah Nasional

Total assets: $39.1 billion

Year of inception: 1993

Original source of funds: Non-commodity

Global rank in total funds: 23

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30 biggest sovereign wealth funds in the world

Image: A view of central Baku in Azerbaijan.
Photographs: David Mdzinarishvili/Reuters

Azerbaijan

Sovereign wealth fund name: State Oil Fund

Total assets: $32.7 billion

Year of inception: 1999

Original source of funds: Oil

Global rank in total funds: 24

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30 biggest sovereign wealth funds in the world

Image: A water taxi passes the country's landmark Sultan Omar Ali Saifuddien Mosque in Bandar Seri Begawan, Brunei.
Photographs: Bazuki Muhammad/Reuters

Brunei

Sovereign wealth fund name: Brunei Investment Agency

Total assets: $30 billion

Year of inception: 1983

Original source of funds: Oil

Global rank in total funds: 25

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30 biggest sovereign wealth funds in the world

Image: People walk past the Printemps department store in Paris, France.
Photographs: Charles Platiau/Reuters

France

Sovereign wealth fund name: Strategic Investment Fund

Total assets: $25.5 billion

Year of inception: 2008

Original source of funds: Non-commodity

Global rank in total funds: 26

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30 biggest sovereign wealth funds in the world

Image: Cyclists pass the downtown skyline in Austin, Texas, United States.
Photographs: Julia Robinson/Reuters

Texas, United States

Sovereign wealth fund name: Texas Permanent School Fund

Total assets: $25.5 billion

Year of inception: 1854

Original source of funds: Oil and other

Global rank in total funds: 27

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30 biggest sovereign wealth funds in the world

Image: A woman cycles past the 'Coffee To Get Her' restaurant near Dublin city centre, which becomes a bar and club in the evenings, in Ireland.
Photographs: Cathal McNaughton/Reuters

Ireland

Sovereign wealth fund name: National Pensions Reserve Fund

Total assets: $19.4 billion

Year of inception: 2001

Original source of funds: Non-commodity

Global rank in total funds: 28

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30 biggest sovereign wealth funds in the world

Image: A view of Auckland from atop the Sky Tower in New Zealand.
Photographs: Stefan Wermuth/Reuters

New Zealand

Sovereign wealth fund name: New Zealand Superannuation Fund

Total assets: $18.5 billion

Year of inception: 2003

Original source of funds: Non-commodity

Global rank in total funds: 29

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30 biggest sovereign wealth funds in the world

Image: A worker cleans away snow around the Centennial Flame on Parliament Hill in Ottawa, Canada.
Photographs: Christopher Pike/Reuters

Canada

Sovereign wealth fund name: Alberta's Heritage Fund

Total assets: $16.4 billion

Year of inception: 1976

Original source of funds: Oil

Global rank in total funds: 30