Abu Dhabi's ADIA Tops World's 50 Biggest SWFs With $627B-Report

Monday, Jun 07, 2010

BEIRUT (Zawya Dow Jones)--The Abu Dhabi Investment Authority, or ADIA, has topped the list of the world's 50 biggest sovereign wealth funds in terms of the market value of its assets totaling $627 billion, Kuwait-based Al Watan daily reports Monday citing a recent study.

Norway's Government Pension Fund-Global was ranked second with assets of $443 billion and the foreign holdings of the Saudi Arabian Monetary Agency, or SAMA, came third and totaled $415 billion, the U.S.-based Sovereign Wealth Fund Institute, said in a report according to the paper.

Kuwait Investment Authority, or KIA, came in the eighth place and its assets totaled $202.8 billion, the report said.

In terms of the Institute's Linaburg-Maduell Transparency Index, KIA got eight points, ADIA three points, and SAMA two points, according to Al Watan.

Newspaper website: http://www.alwatan.com.kw/ArticleDetails.aspx?Id=34275

-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com

(END) Dow Jones Newswires

07-06-10 0422GMT