SWFI: PIF is on the list of fastest growing funds during 2022‎

Data from the Sovereign Wealth Funds Institute around the world (SWFI) revealed that the Public Investment Fund (PIF) and the Government of Singapore Investment Company (GIC) are on the list of the fastest growing funds during 2022, with their assets increasing by 15 percent and 19 percent, respectively.

According to “SkyNews”, the Public Investment Fund advanced to the sixth rank instead of the seventh, after the assets it manages increased to 607.4 billion dollars, compared to 528 billion dollars at the end of 2021. While the Singaporean company advanced to the fifth rank instead of the sixth in 2021 after a rise in Assets under management amounted to $690 billion, compared to $578 billion

The past year witnessed major changes in the list of sovereign wealth funds in the world, the most important of which was the loss of the Norwegian Pension Fund at the top of the list after years of ascending to the throne of sovereign funds, to be replaced by the China Investment Corporation.

According to data from the Sovereign Wealth Funds Institute around the world (SWFI), the Norwegian sovereign fund fell to second place after a 19 percent decline in the value of its assets, while the Chinese fund topped the ranking, with its assets increasing by about $129 billion.

Behind the Chinese and Norwegian funds, the Abu Dhabi Investment Authority came in third place with assets amounting to $ 790 billion, ahead of the fourth ranking in 2021, to replace the Kuwait Investment Authority, which fell to fourth place with assets amounting to $ 750 billion.