This is a list of sovereign wealth funds by country. A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment. The accumulated funds may have their origin in, or may represent, foreign currency deposits, foreign exchange reserves, gold, special drawing rights (SDRs) and International Monetary Fund (IMF) reserve position held by central banks and monetary authorities, along with other national assets such as pension investments, oil funds, or other industrial and financial holdings. These are assets of the sovereign nations which are typically held in reserves domestic and reserve foreign currencies such as the dollar, euro, pound sterling and yen. The names attributed to the management entities may include state-owned (federal, state and provincial) central banks, national monetary authorities, official investment companies, sovereign oil funds, pension funds, among others.
Some countries may have more than one SWF. In the United States, several states have their own SWFs. In February 2025, President Donald Trump signed an executive order to establish a national sovereign wealth fund. The list does not include pension funds that do not meet the SWF criteria.
List
Country Funds Assets (billions USD) Origin China–Africa Development FundChina Investment CorporationNational Social Security FundSAFE Investment CompanyCNIC Corporation LimitedBeijing State-owned Assets ManagementShanghai Municipal Investment GroupCentral Huijin InvestmentLinfen Investment Group3,974 Non-commodity Managed by the Federal Government of the UAE: Emirates Investment Authority Managed by the Emirate of Abu Dhabi: Abu Dhabi Developmental Holding Company Abu Dhabi Investment Authority Mubadala Investment Company Managed by the Emirate of Dubai: Dubai World Investment Corporation of Dubai Managed by the Emirate of Ras Al Khaimah: Ras Al Khaimah Investment Authority Managed by the Emirate of Sharjah: Sharjah Assets ManagementFujairah Holdings2,902 Oil & GasNon-commodity Monetary Authority of SingaporeGovernment of Singapore Investment CorporationTemasek HoldingsCentral Provident Fund2,180 Non-commodity Government Pension Fund of Norway2,048 Oil & GasCPP Investments Canada Strong Fund Province-level entities Alberta Investment Management Corporation Alberta Heritage Savings Trust Fund BC Pension Corporation La Caisse Investment Saskatchewan Ontario Municipal Employees Retirement System Ontario Teachers' Pension Plan Public Sector Pension Investment Board2,013Oil & GasNon-commodity Public Investment FundNational Development Fund1,281 Oil & Gas Kuwait Investment AuthorityGulf Investment CorporationWafra International Investment Company1,029 Oil & Gas Indonesia Investment AuthorityDanantara Indonesia Sovereign FundGovernment Investment Unit of Indonesia900 Mineral, Non-commodityHK SAR Exchange Fund (HK MAS)Hong Kong Investment Corporation 576Non-commodity Qatar Investment Authority557 Oil & Gas Turkey Wealth Fund360 Non-commodity Future FundQueensland Investment CorporationVictorian Funds Management CorporationNew South Wales Treasury CorporationWestern Australia Future Health Research and Innovation Fund357 Non-commodity United States sovereign wealth fundState-level entities Alabama Trust Fund Alaska Permanent Fund Coal Severance Tax Trust Fund & Public School Trust (Montana) Louisiana Education Quality Trust Fund New Mexico State Investment Council Permanent Funds North Dakota Legacy Fund Oregon Common School Fund Texas Permanent School Fund Texas Permanent University Fund State School Fund (Utah) West Virginia Future Fund Wyoming Permanent/Endowment Funds332 Oil & GasNon-commodityMineralsPublic LandsKorea Investment Corporation181Non-commodity Russian National Wealth FundRussian Direct Investment Fund174 Oil & GasNon-commodity National Development Fund of Iran 156.5 Oil & Gas Samruk-KazynaNational Investment Corporation 155.1 Oil & GasKhazanah NasionalPermodalan Nasional BerhadLembaga Tabung Angkatan TenteraSarawak Sovereign Wealth Future Fund119.0Non-commodity Azerbaijan Investment HoldingState Oil Fund of Azerbaijan75.0 Oil & Gas Brunei Investment Agency73.0 Oil & GasNatural Gas Revenue Fund66.4Oil & Gas Oman Investment Authority60.0 Oil & GasNon-commodity Ethiopian Investment Holdings 46.0 Non-commodity Libyan Investment Authority38.8 Oil & Gas Ireland Strategic Investment FundFuture Ireland FundInfrastructure, Climate and Nature Fund38.5 Non-commodityNational Wealth Fund (United Kingdom)37.0Non-commodity Österreichische Beteiligungs AG 32.0 Non-commodity New Zealand Superannuation Fund27.0 Non-commodity Economic and Social Stabilization FundPension Reserve Fund 21.0 Copper Mumtalakat Holding Company18.6 Oil & Gas Timor-Leste Petroleum Fund17.0 Oil & GasMutapa Investment Fund16.0Minerals National Investment and Infrastructure FundTamil Nadu Industrial Development Corporation12.4 Non-commodity Fondo de Ahorro y Estabilización PetroleraFideicomiso Fondo de Ahorro y Estabilización 12.0 Oil & GasGrowthfund12.0Non-commodityJapan Investment Corporation12.0 The Sovereign Fund of Egypt11.9 Non-commodityCDP Equity, Fondo nazionale del Made in Italy11.0Oil & GasNon-commodity Maharlika Investment Fund9.20 Non-commodityPakistan Sovereign Wealth Fund8.00Oil & GasNon-commodity Fondo Mexicano del Petroleo para la Estabilizacion y el Desarrollo7.00 Oil & GasCofidesSociedad Estatal de Participaciones Industriales6.00Non-commodity The Heritage and Stabilization Fund6.00 Oil & Gas Fiscal Stabilization Fund5.00 Non-commodity Fundo Soberano de Angola5.00 Oil & Gas Pula Fund4.90 Diamonds Chinggis FundFuture Heritage FundFiscal Stability Fund4.00 Minerals Danish Growth FundExport and Investment Fund of Denmark 4.00 Non-commodity Israeli Citizens' Fund2.08Oil & GasMinerals Nigeria Sovereign Investment AuthorityBayelsa Development and Investment Corporation 2.00 Oil & Gas Ghana Petroleum FundsGhana Infrastructure Investment Fund Minerals Income Investment Fund2.00 Oil & Gas Minerals Fonds Gabonais d’Investissements Stratégiques 1.89 Oil & Gas Fondo de Ahorro de Panamá1.40 Non-commodity State Capital Investment Corporation1.20 Non-commodity Fonds Souverain d'Investissements Stratégiques1.20 Non-commodity Revenue Equalization Reserve Fund1.00 Phosphates Fondo para la Revolución Industrial Productiva0.40 Non-commodityTuvalu Trust Fund Consolidated Investment Fund0.33 Fundo Soberano de Estado do Espirito Santo 0.20 Oil & Gas National des Revenus des Hydrocarbures 0.10 Oil & Gas Réserves pour Générations Futures 0.10 Förvaltningsaktiebolaget Stattum Nauru Phosphate Royalties TrustPhosphateParpúblicaSolidiumSovereign Wealth Fund
See also List of U.S. states by sovereign wealth funds
Notes
References
SWF Institute - Organization dedicated to analyzing Sovereign Wealth Funds and Public Pension Funds