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Sovereign Wealth Funds by Country 2024

Country
Total AuMs
United States$10,864
China$3,492
United Arab Emirates$1,939
Japan$1,817
Canada$1,657
Norway$1,502
Singapore$1,365
Australia$1,157
Saudi Arabia$1,146
Netherlands$1,142

An investment fund that is owned and operated by a national government is known as a Sovereign Wealth Fund (SWF). The goal of the fund is to manage the financial reserves of the country. It is usually developed through export collections on commodities, like oil, natural gas, minerals, and other sources, including foreign exchange reserves.

Many countries have these types of funds around the world, but some of the funds are more well-funded than others. In this article, we will learn more about the different countries and what their stats are when it comes to their SWF. Each country is ranked based on its AuM, which means Asset Under Management. That is a term that represents the total dollar value of the combined assets that belong to the fund.

The country with the highest sovereign wealth fund is the United States. Currently, the country's total AuM is $10,864. No other country in the world has a value of even half this amount. The closest country to the US is China, which has an AuM of 3,492. The United Arab Emirates with $1,939, Japan with $1,817, and Canada with $1,657 follow to round out the top five.

Norway is next on the list of countries with a high AuM number. The AuM of Norway is $1,502, which is just slightly higher than Singapore's $1,365. Australis, Saudi Arabia, and the Netherlands all have similar AuMs with $1,157, $1,146, and $1,142, respectively. All other countries on the list have AuMs of less than $1,000.

Some examples of these countries that are in the middle tier include South Korea with $969 and Kuwait with $909. At this point, the total AuMs begin to fall rapidly for countries further on the list. For example, Qatar is next on the list, but the country has a total AuM of 465. Malaysia and Denmark follow with $370 and $343, respectively.

In fact, some countries have such a low AuM number, that their overall AuM is currently zero. Those countries include Nauru, Cape Verde, Guyana, Djibouti, Bolivia, Senegal, Mozambique, Algeria, and Bangladesh. There are also several countries that just barely register to be included on the list, but that still have less than $10 for their AuMs. Those countries include Kiribati, Cyprus, Armenia, Panama, Palestine, Turkmenistan, Mauritius, Gabon, Belgium Rwanda, Vietnam, Egypt, Malta, Tunisia, Angola, Colombia, Mongolia, Ghana, Peru, Monaco, Mexico, Greece, Namibia, and Botswana.

  • A Sovereign Wealth Fund (SWF) is an investment fund owned and operated by a national government.
  • AuM is an abbreviation for Assets Under Management, a term representing the total dollar value of all the fund's assets combined.
  • PPF is an abbreviation for Public Pension Funds, a pension-focused variation on the SWF concept.
  • Whereas SWF are often operated by developing countries in emerging markets (as well as by autocratic regimes), PPFs are usually operated by developed, democratic countries.
  • Data for the various emirates of the United Arab Emirates have been merged. Individually, the UAE emirate of Abu Dhabi has AuM of $1,558 billion, Dubai has $377 billion, and other emirates have a collective $4 billion.

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Country
# PPFs
# SWFs
PPF AuM (billions USD)
SWF AuM (billions USD)
Total AuMs (billions USD)
United States9423$10,555$309$10,864
China36$166$3,326$3,492
United Arab Emirates210$33$1,906$1,939
Japan8$1,817$1,817
Canada164$1,641$16$1,657
Norway22$95$1,407$1,502
Singapore12$377$988$1,365
Australia155$841$316$1,157
Saudi Arabia22$323$823$1,146
Netherlands8$1,142$1,142
South Korea61$800$169$969
Kuwait12$137$772$909
Qatar11$15$450$465
Malaysia44$256$114$370
Denmark9$343$343
United Kingdom152$310$4$314
India41$293$2$295
France31$217$50$267
Sweden2$265$265
Taiwan21$221$221
Germany31$190$27$217
Turkey11$20$171$191
South Africa3$186$186
Kazakhstan14$31$153$184
Switzerland5$165$165
Russia2$151$151
Iran1$139$139
Israel11$122$122
Finland21$87$8$95
Brazil53$84$1$85
Thailand2$78$78
Azerbaijan12$9$67$76
Libya1$68$68
Indonesia42$52$6$58
Brunei11$3$55$58
Oman11$15$42$57
Argentina1$52$52
Ethiopia1$46$46
Philippines2$44$44
Morocco21$36$2$38
New Zealand1$37$37
Nigeria13$32$3$35
Bahrain12$13$19$32
Luxembourg11$30$30
Trinidad and Tobago11$24$5$29
Uzbekistan1$23$23
Portugal1$19$19
Timor Leste1$17$17
Poland11$11$5$16
Ireland11$16$16
Chile1$14$14
Italy1$13$13
Spain12$5$8$13
Botswana11$6$3$9
Namibia12$8$8
Greece2$7$7
Mexico11$4$2$6
Monaco1$6$6
Peru1$5$5
Ghana14$2$2$4
Mongolia3$4$4
Colombia1$3$3
Angola1$3$3
Tunisia1$3$3
Malta2$3$3
Egypt1$2$2
Vietnam1$2$2
Rwanda11$2$2
Belgium1$2$2
Gabon3$2$2
Mauritius11$1$1$2
Turkmenistan1$1$1
Palestine1$1$1
Panama11$1$1
Armenia1$1$1
Cyprus1$1$1
Kiribati1$1$1
Algeria1
Mozambique1
Senegal1
Bolivia1
Djibouti1
Guyana1
Cape Verde1
Nauru1
showing: 85 rows

Which country has the most sovereign wealth fund?

The country that currently has the most sovereign wealth fund is The United States. The country has a total AuM of $10,864.

Frequently Asked Questions

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