Norges Bank Investment Management was the world’s largest sovereign wealth fund (SWF) as of January 2022, with assets of roughly 1.33 trillion dollars. The fund, often known as Norway’s oil fund, was founded in 1969 following Norway’s North Sea oil discoveries.
What are sovereign wealth funds, and how do they work?
State-owned sovereign wealth funds invest in a variety of financial assets such as equities, bonds, real estate, precious metals, and other financial instruments. Foreign-exchange reserves, which are assets kept by monetary authorities or central banks in the form of U.S. dollars and other major international currencies as a manner of supporting liabilities, are the principal source of funding for sovereign wealth funds.

Who is the owner of the SWF?

The sovereign wealth fund is usually held by a country’s central bank, which accumulates funds as part of its management of the country’s funds or banking system. These types of state funds are extremely important in terms of both economic and fiscal policy, and they can be used to achieve a variety of goals, including protecting the economy from unexpected shocks, mitigating the effects of an aging population, and promoting socioeconomic progress.

If you prefer table form of data here it is (Don’t forget to follow us on twitter ) :

Fund name ( Country )(in billion U.S. dollars)
Norges Bank Investment Management(Norway)1,332
China Investment Corporation (China)1,222
Abu Dhabi Investment Authority WAD829
State Administration of Foreign Exchanges (China)817
Government of Singapore Investment Corporation (Singapore)744
Kuwait Investment Authority (Kuwait)693
Hong Kong Monetary Authority (HongKong)520
SARI Public Investment Fund (Saudi Arabia)480
National Council for Social Security Fund(China)452
Qatar Investment Authority (Qatar)366
Investment Corporation of Dubai WAD302
Temasek (Singapore)283
Mubadala (UAE)243
Korea Investment Corporation (Korea)201
National Wealth Fund (Russia)185
Biggest (Top) Wealth funds – Mutual funds in the world