The relative size of each circle represents the size of the fund; bigger circles for larger assets. As you can see, most of the large circles are in the upper-left corner, where transparency is lower than average and strategic focus is higher than average. It should be the goal of current and future monetary authorities to encourage sovereign wealth funds to open their books up more and promote some level of transparency.
Sovereign wealth funds create headlines as cash-rich foreign nations look to make larger and more focused investments in the modern economies of the United States and Europe. It is becoming increasingly important to understand these funds because of the increasing amount of money they hold and the power and influence this can wield.
The top five largest SWF by assets (data as of February 2008)
- Abu Dhabi Investment Authority (UAE) - $875 billion
- Norway Government Pension Fund (Global) - $380 billion
- Government of Singapore Investment Corporation - $330 billion
- Saudi Arabia 1 (no official fund name) - $300 billion
- State Administration of Foreign Exchange (China) - $300 billion
Read on to familiarize yourself with one of the largest and fastest-growing pools of capital in the world.
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