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Headings: The world’s 10 biggest sovereign wealth funds
The world’s 10 biggest sovereign wealth funds
1. Norway’s Government Pension Fund Global
2. Abu Dhabi Investment Authority
3. China Investment Corporation
4. Saudi Arabian Monetary Agency
5. Kuwait Investment Authority
6. Hong Kong’s State Administration of Foreign Exchange Investment Company
7. Hong Kong Monetary Authority Investment Portfolio
8. Government of Singapore Investment Corporation
9. Qatar Investment Authority
10. China’s National Social Security Fund

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The world’s 10 biggest sovereign wealth funds
A drop in oil prices this year suggests that hydrocarbon-funded SWFs are under pressure
In the midst of collapsing oil prices, oil-funded sovereign wealth funds (SWFs) are under pressure to liquidate assets, according to political risk advisory firm GeoEconomica. There was roughly a 20 per cent fall over the past year in the deposits and reserves stored in the Saudi Arabian Monetary Agency (SAMA) by the Saudi government, according to estimates. This suggests that oil giants such as Saudi Arabia are now seeking to protect their budgets against dramatically declining revenues. SWFs are managed separately from a county’s official currency reserves. They are pools of money the government stores in funds or corporations to generate profits. The funds have an original purpose of reducing the volatility of government revenues and help counter any drops in the national economy. Of total assets around the world, $4.9 trillion comes from oil and gas SWFs, which are funded by revenues from energy exports. The most prominent examples of these are in oil-rich countries like Norway, Kuwait and Saudi Arabia. These types of funds are designed to act as a buffer to oil price volatility, as currently seen in markets. With dropping oil prices impacting the GCC region, we take a look at the top 10 SWFs in the world so far this year.