Advertisement
|12 February, 2019

UAE manages 14.6% of global sovereign wealth funds' assets: SWF Institute

Emirates Investment Authority came in the 28th place among global sovereign investment funds with assets worth $34 billion

Foreign currency notes arranged in a row.

Foreign currency notes arranged in a row.

Getty Images/jayk7

Abu Dhabi – Mubasher: The UAE has acquired around 14.6% or $1.191 trillion of total global sovereign wealth funds’ assets worth $8.14 trillion, data by the Sovereign Wealth Fund Institute (SWF Institute) showed.

Abu Dhabi Investment Authority (ADIA) was ranked the third among the largest sovereign funds with $697 billion in assets, according to the SWF Institute’s recent report in February.

Meanwhile, Investment Corporation of Dubai (ICD) came in the 13th spot with assets of around $233.8 billion, followed by state investment fund Mubadala Development Company (MDC) with around $226 billion in assets, the report added.

Advertisement

Emirates Investment Authority came in the 28th place among global sovereign investment funds with assets worth $34 billion, the SWF Institute said.

Moreover, the Government Pension Fund of Norway remained the world’s largest sovereign wealth fund after its assets jumped to $1,074.60 billion, according to the report.

Additionally, Kuwait Investment Authority maintained its fourth place with $592 billion in assets, while Saudi Arabian Monetary Authority’s (SAMA) sovereign fund came in the sixth place with assets worth $515.6 billion, the report said.

Translated by: Mai Ezz El-Din

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© Mubasher 2019

More From Business