| Norway's Government Pension Fund has replaced the Abu Dhabi Investment Authority (ADIA) as the largest sovereign wealth fund in the world, according to the latest rankings by the Sovereign Wealth Fund Institute (SWFI).
With assets of $656.2bn, Norway's fund has taken over the top spot from ADIA, which currently has assets worth $627bn. China's State Administration of Foreign Exchange (SAFE) remains third on the list with assets estimated to be worth around $567.9bn, while Saudi Arabia's SAMA Foreign Holdings is in the fourth spot with approximately $532.8bn...............................................Full Article: Source |