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Top 10 Sovereign Wealth Funds

Top 10 Sovereign Wealth Funds

As the notoriously private wealth vehicles gain increased visibility, especially with their emerging markets investment push, Gulf Business lists the top 10 SWFs in the world.

8. Government of Singapore Investment Corporation, Singapore ($247.5 billion)

With a portfolio of approximately $247.5 billion, the Government of Singapore Investment Corporation (GIC) does not own the funds, but manages them on behalf of its clients: the Government of Singapore and the Monetary Authority of Singapore.

GIC is wholly owned by the Government of Singapore and has three major sovereign wealth enterprises: GIC Asset Management, GIC Real Estate, and GIC Special Investments.

The fund invests in a diverse range of assets – from equities to real estate to natural resources – in over 40 countries.

9. Temasek Holdings, Singapore ($157.5 billion)

The Asian sovereign wealth fund is headquartered in Singapore and employs over 400 people across the world. Its portfolio stands at around $157.5 billion, comprising mostly of equities.

Asian investments account for over 70 per cent of the fund’s exposure, including 30 per cent in Singapore alone. Its investments in North America, Europe, Australia and New Zealand stand at 25 per cent, Temasek said in its 2012 review.

The fund has invested almost $112 billion in the last 10 years.

10. National Welfare Fund, Russia ($149.7 billion)

Established in 2008, the National Welfare Fund consists of two units – the National Wealth Fund and the Reserve Fund – with combined assets of around $149.7 billion.

The Reserve Fund is a part of the federal budget assets and aims to ensure financing of government budget expenses should oil and gas budget revenues decline.

The National Wealth Fund supports the pension system of the Russian Federation. This fund is permitted to invest in riskier assets, such as corporate bonds and equities.
Source: July 2012 estimates, Sovereign Wealth Institute

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