FINANCIAL NEWS

Abu Dhabi owns the world’s richest sovereign fund

14 Jun 2012

(MENAFN) Sovereign Wealth Fund Institute, the research company, announced that Abu Dhabi Investment Authority is the richest sovereign wealth fund in the world, with it assets at around USD627 billion, reported Arabian Business.

The company added that the authority’s assets exceeded those of Norway’s Government Pension Fund-Global by USD611.

On the other hand, it said that Qatar Investment Authority came in the 12th place, with its assets at USD100 billion, adding that recently the fund acquired assets in Europe.

Moreover, Investment Corporation of Dubai was positioned as the 14th richest sovereign wealth fund, with assets valued at USD70 billion.

It is worth noting that Asia-based funds, including funds from Saudi, Singapore, Kuwait and China, lead the top ten richest funds worldwide.

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