Sovereign Wealth Funds Create New Trillion-Dollar Record From Robust Returns

Sovereign Wealth Funds Create New Trillion-Dollar Record From Robust Returns
Managing Director of the Kuwaiti Investment Authority, Bader Mohammad al-Saad, attends a meeting of the International Working Group of Sovereign Wealth Funds (SWF) in Kuwait City in an April 2009 file photo. Yasser al-Zayyat/AFP/Getty Images
Naveen Athrappully
Updated:

Assets under management held in sovereign wealth and public pension funds reached a record $31.9 trillion due to strong returns from American stock markets and rising oil prices as global economies recover from pandemic-era lockdowns.

Sovereign wealth funds (SWF) grew 6 percent from $9.9 trillion in 2020 to $10.5 trillion last year, passing the $10 trillion mark for the first time in history, according to a recent report by industry specialist Global SWF. Assets managed by public pension funds (PPF) increased over 9 percent from $19.6 trillion to $21.4 trillion in 2021.

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