Asia Accounts for 21% of Top 10 Sovereign Wealth Funds

A new report has revealed that the ten largest Sovereign Wealth Funds manage assets valued at $5.7 trillion.

The report which was compiled in July 2020 showed that Asia dominates the scene.

However, Norway Government Pension Fund Global controls the largest assets at an estimation of $1.18 trillion or 20.18 percent.

Also, while China’s National Council for Social Security Fund has the least assets under management at $325 billion, China dominates the list with three SWFs globally.

China’s National Council for Social Security Fund has the least assets worth $325 billion.

The Report also noted that there were total of 89 notable SWFs in the month under review.

As expected, Asia accounts for the largest share with 19 funds accounting for 21.34 percent of the global tally while the Latin America region accounts for the least share of SWF at 9.

The report stated that: “After the pandemic has been fully been contained and all lockdowns are lifted, most governments are banking on SWFs to balance public responsibility with private sector interest. The post-pandemic economy will see intensified public spending. Increased spending will definitely call for scrutiny and demand for fiscal discipline.”

SWFs are presently diversifying their portforlio into digital and biotech companies that have proven to be resilient during this pandemic.