Largest Wealth funds in the world Ranked based on Their Asset under management (AUM)

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.

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