Title: Public Investment Fund of Saudi Arabia
Headings: Public Investment Fund of Saudi Arabia
Public Investment Fund of Saudi Arabia
What Is the Public Investment Fund of Saudi Arabia?
Key Takeaways
Understanding the Public Investment Fund of Saudi Arabia
The PIF and Other Sovereign Wealth Funds

Content: reporting and monitoring; and investment. Investment decisions center on building a diversified portfolio for Saudi Arabia that aims for long-term, attractive, risk-adjusted returns. 2
The Public Investment Fund has put in place standardized procedures and guidelines to govern investment decisions, focused on building a diversified portfolio that achieves attractive, risk-adjusted returns over the long-term. As of December 2020, the fund had over $360 billion in assets under management, including public and private Saudi companies as well as international investments. 1
The PIF and Other Sovereign Wealth Funds
Many countries create sovereign wealth funds (SWFs) to diversify their revenue streams. For example, since the United Arab Emirates (UAE) primarily relies on oil exports for its wealth, its SWF consists of a range of other assets that help shield the nation from oil-related risk. SWFs have enormous economic power. In February 2021, the UAE's fund was worth nearly $580 billion, and Norway’s sovereign wealth fund, the largest in the world, exceeds $1.273 trillion. 3
Many sovereign wealth funds will look to asset management firms for support in managing their portfolios.