Which country has the largest single sovereign wealth fund?
World's largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks. Norway's giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks.
Norway is home to the biggest sovereign wealth fund globally, valued at nearly $1.4 trillion. In 2023, the fund posted record profits, bolstered by tech holdings that include Microsoft, Apple, and Nvidia.
Nicolai Tangen is the CEO of Norges Bank Investment Management, the largest sovereign wealth fund in the world with $1.55 Trn in assets, owning on average, 1.5% of every listed company.
PIF, which manages more than $700 billion, allocates more than 70% of its investments in Saudi Arabia. It's targeting an allocation of 20% to 25% for international investments, with the absolute number increasing over time, Al-Rumayyan said during the event.
Norway's $1.6 trillion sovereign wealth fund underperformed its benchmark in the first quarter, with returns coming up short for a second consecutive report.
OSLO, Jan 30 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, the world's largest, reported on Tuesday a record profit of 2.22 trillion crowns ($213 billion) in 2023, driven by strong returns on its investments in technology stocks.
Warren Buffett is widely considered to be the most successful investor in history. Not only is he one of the richest men in the world, but he also has had the financial ear of numerous presidents and world leaders.
While the U.S. as a whole does not have a sovereign wealth fund, several of its states do. These funds, however, are nowhere near as big as the international ones listed above. The largest in the U.S. is the Alaska Permanent Fund Corporation, established in the early 1980s, which has roughly $67 billion in assets.
Some countries may have more than one SWF. Also, while the United States does not have a federal sovereign wealth fund, several of its states have their own SWFs. The list does not include pension funds that do not meet the SWF criteria.
How big is Russia's sovereign wealth fund?
The Saudi government directly owns about 90% of Aramco, with a further 8% held by the Public Investment Fund.
| Statistics | |
|---|---|
| Population | 32,175,224 (2022 census) |
| GDP | $1.069 trillion (Nominal, 2023 est.) $3.065 trillion (PPP, 2024 est.) |
| GDP rank | 19th (nominal, 2023) 17th (PPP, 2023) |
| GDP growth | 3.2% (2021) 7.6% (2022f) 3.7% (2023f) |
Since the discovery of large offshore reserves in the late 1960s, Norway's economic engine has been fueled by oil. As Western Europe's top petroleum producer, the country has benefitted for decades from rising prices.
Related information about Norway Government Debt: % of GDP
In the latest reports, Norway National Government Debt reached 224.4 USD bn in Dec 2023. The country's Nominal GDP reached 128.6 USD bn in Mar 2023.
Norway's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly North Sea oil.
The Turkey Wealth Fund (TWF; Turkish: Türkiye Varlık Fonu, TVF) is a $33 billion sovereign wealth fund founded in August 2016 owned by Government of Turkey.
China is home to one of the world's largest sovereign funds, China Investment Corporation. CIC's total assets under management reached about $1.24 trillion at the end of 2022, bigger than Saudi Arabia's 2022 GDP (about $1.1 trillion). Saudi Arabia was the 17th largest economy in the world in 2022.
The first modern mutual fund was launched in the U.S. in 1924. The oldest mutual fund still in existence is MFS' Massachusetts Investors Trust (MITTX), also established in 1924.
Bridgewater Associates
Today Bridgewater is the largest hedge fund in the world and Dalio has a personal fortune of approximately $19 billion.
What does BlackRock own?
How many companies does BlackRock own? As of November 2023, BlackRock's portfolio consisted of 5,349 holdings. The top five holdings included Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Amazon (AMSN), and Alphabet (GOOGL).
Warren Buffett is widely considered the greatest investor in the world.
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BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.
The USA is quite unique in the world. And in a very real way, it is not a Sovereign Entity, except in matters of Treaty and Defense. So, that's why. The Federal government hold no wealth beyond the Federal Reserve.
