Title: The world's biggest sovereign wealth funds in 2017
Headings: The world’s biggest sovereign wealth funds in 2017
The world’s biggest sovereign wealth funds in 2017
10. China’s National Social Security Fund
9. Qatar Investment Authority
8. Government of Singapore Investment Corporation
7. SAFE Investment Company
6. Hong Kong Exchange Fund
5. SAMA Foreign Holdings
4. Kuwait Investment Authority
Kuwait City
3. China Investment Corporation
2. Abu Dhabi Investment Authority
1. Norway’s Government Pension Fund Global

Content: The Fund may also be used to maintain the stability and integrity of Hong Kong’s monetary and financial systems to help maintain Hong Kong as an international financial centre.” The fund invests primarily in the bond and equity markets of OECD (Organisation for Economic Co-operation and Development) countries, according to the SWFI. 5. SAMA Foreign Holdings
A view The King Abdullah Financial District (KAFD) on April 13, 2016 in Riyadh, Saudi Arabia. David Degner | Getty Images
Oil-rich Saudi Arabia invests its surplus petro-dollars in a fund called the SAMA Foreign Holdings, a “massive pool of foreign currency reserves,” according to the SWFI, which is controlled by the country’s central bank. Most of the wealth held in the fund is derived from Saudi Arabia’s oil revenues - the Gulf state is the largest crude oil exporter in the world - but it also manages certain Saudi public pensions. The country has another SWF called the Public Investment Fund. It is notoriously secretive about its holdings and investment strategies, but has $514 billion of assets under management, according to the SWFI, and is invested in cash deposits, fixed income and equities. SAMA’s net foreign assets (the value of overseas assets it holds minus the value of domestic assets owned by foreigners) are down from a record high of $737 billion in August 2014, when the government started drawing down assets to pay its bills amid falling oil prices and to plug a budget deficit, Reuters has reported. 4.