| Arecent ranking report by the Sovereign Wealth Fund Institute (SWFI) showed the UAE’s Abu Dhabi Investment Authority (ADIA) ranking second in the Largest Sovereign Wealth Funds by Assets Under Management. Operating in the oil sector, ADIA’s assets are reported to be worth $773 billion. The UAE authority commenced operations in 1976.
First place on the list was snatched by the Government Pension Fund – Global in Norway, with assets worth $893 billion. Saudi Arabia and Kuwait also boast funds in the list’s top 10, as Saudi’s SAMA Foreign Holdings came in third place, retaining assets worth $757.2 billion, while the Kuwait Investment Authority (KIA) has assets worth $410 billion and ranks sixth on the list...............................................Full Article: Source
|