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: 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. Kuwait Investment Authority
Kuwait City
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The Kuwait Investment Authority (KIA) is the oldest sovereign wealth fund in the world, established in 1953 to invest the state’s surplus oil revenues. The fund has $524 billion of assets under management, an amount which has also decreased since the dramatic fall in oil prices since 2014. The KIA says its long-term objective is to provide “an alternative to oil reserves, which would enable Kuwait’s future generations to face the uncertainties ahead with greater confidence.” Keen to stress its independence from the state, the fund says its investment decisions are based “exclusively on commercial considerations, not on the political or foreign policy interests of the State of Kuwait, and will continue to do so in the future.” 3.