Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets (2024)

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What is the largest SWF in 2024? ›

PIF Tops Global Sovereign Wealth Fund Brand Rankings in 2024. Riyadh, May 30, 2024, SPA -- The Public Investment Fund (PIF) has emerged as the world's most valuable sovereign wealth fund (SWF) brand in 2024, according to a report by Brand Finance.

PIF has been recognized as the world's most valuable sovereign wealth fund (SWF) brand, according to new data by Brand Finance.

Although the federal government does not have a specific sovereign wealth fund, several of its states do. The largest is the Alaska Permanent Fund Corporation, a $67-billion-dollar state owned investment fund that pays an annual dividend to eligible residents of Alaska.

The world's largest sovereign wealth fund was established in the 1990s to invest the surplus revenues of Norway's oil and gas sector. To date, the fund has put money in more than 8,800 companies in over 70 countries around the world, making it one of the largest investors across the globe.

The Kuwait Investment Authority (KIA) is the oldest sovereign wealth fund in the world. KIA traces its roots to the Kuwait Investment Board, which was established in 1953, eight years before Kuwait's independence.

To protect their assets for the long term, some countries invest resources and wealth into sovereign wealth funds, which manage a diversified portfolio. But without adequate transparency requirements, these vehicles can be ripe for corruption and other governance risks.

Türkiye Wealth Fund (TWF) is the sovereign wealth fund of Turkey, established by law in 2016. TWF's mission is to develop Turkey's strategic assets, to grow their value and thereby to provide funding for the country's priority investments. The fund manages approximately $33 billion in assets.

Canada has several existing provincial and territorial sovereign wealth funds that invest resource wealth on behalf of citizens: the Quebec Generations Fund, the Alberta Heritage Savings Fund, the Newfoundland & Labrador Future Fund, and the Northwest Territories Heritage Fund.

Often described as the 'coinage that never was', the 1937 Edward VIII Sovereign is not only the rarest Sovereign, but one of the rarest coins in the world.

SWFs generally enjoy favorable tax treatment in the U.S., but this treatment is subject to specific limitations; SWFs typically require separate LPA provisions or side-letter protection to ensure that their favorable tax treatment is not thwarted by the activities of the funds in which they invest. US Tax Exemption.

Which country has the best sovereign wealth fund? ›

Norway is home to the biggest sovereign wealth fund globally, valued at nearly $1.4 trillion. In 2023, the fund posted record profits, bolstered by tech holdings that include Microsoft, Apple, and Nvidia.

Government ownership: SWFs are typically owned and operated by governments or government entities. They are established by countries to manage and invest excess foreign exchange reserves, which often originate from commodities, trade surpluses, or other revenue sources.

The Government Pension Investment Fund of Japan (GPIF) remains the largest pension fund, and tops the table with assets of 1.4 trillion dollars. It has held the top spot since 2002. Meanwhile, the Employees' Provident Fund of India joins as the only new participant among the top 20 funds of 2022.

The biggest wave of wealth in history is about to pass from Baby Boomers over the next 20 years, and it's going to have major impacts on many facets of life. Called The Great Wealth Transfer, $84 trillion is poised to move from older Americans to Gen X and millennials.