In the last decade, global sovereign wealth funds (SWFs) have doubled their assets under management (AUM) total to $10.4tn by the end of Q1 2023, said a study.

According to the Sovereign Wealth Funds 2023 report by Preqin, Asia's sovereign wealth funds led the increase in AUM, standing at $4.3tn by the end of Q1 2023. Notably, China Investment Corporation's total