UAE's ADIA ranks third among top sovereign wealth funds

The ADIA was followed by the Kuwait Investment Authority with $533.7bln assets

  
A general view of the Abu Dhabi skyline is seen.

A general view of the Abu Dhabi skyline is seen.

REUTERS/Ahmed Jadallah

UAE - The Abu Dhabi Investment Authority (ADIA) was ranked third among the top 89 sovereign wealth funds in September, with $579.6 billion assets, according to a report by the Sovereign Wealth Fund Institute (SWFI).

The ADIA was followed by the Kuwait Investment Authority (KIA) with $533.7 billion assets.

The Norway Government Pension Fund Global has maintained its first position in the list with $1.1 trillion assets.

As for the sovereign funds in the Gulf regions, Saudi Arabia's Public Investment Fund (PIF) was placed in the eighth position with around $390 billion, while the Investment Corporation of Dubai (ICD) ranked 10th with $305.2 billion.

Founded in 1976, the ADIA is a sovereign wealth fund owned by Abu Dhabi to manage a global investment portfolio.

Source: Mubasher

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