Asia, MENA regions account for 76 percent value of Sovereign Wealth Funds

01 Nov 2021
Financial Nigeria


Nigeria’s SWF is managed by Nigeria Sovereign Investment Authority (NSIA).

CEO, Nigeria Sovereign Investment Authority, Uche Orji

Analysis of data on Sovereign Wealth Funds (SWFs) by Finbold, a firm of financial market analysts, has revealed that Asia and MENA (Middle East and North Africa) regions collectively hold 76 percent of global SWFs value.

As of October 2021, the global SWFs assets under management (AUM) stood at $10.3 trillion. Asia and MENA regions jointly accounted for $7.8 trillion. (Asia $4.5 trillion and MENA $3.2 trillion.) Europe ranked third with AUM at $1.6 trillion.

Other regions with a significant share of the SWF assets include Oceania ($434 billion), North America ($299 billion), Latin America ($31 billion), and Sub-Saharan Africa ($15 billion).

An SWF is an investment vehicle managed by a national or regional government. It buys, holds, and sells securities or assets on behalf of the citizens with the goal of earning economic returns.

Nigeria’s SWF is managed by Nigeria Sovereign Investment Authority (NSIA). According to its 2020 Annual Report, since the allocation to the Authority of US$1 billion seed capital in 2013, its total AUM has grown to more than US$3.56 billion. US$2.1 billion forms total capital contributions to NSIA and its retained earnings, while the balance of US$1.46 billion is from third-party managed funds.

Norwegian Norges Bank Investment Management (NBIM) has the largest sovereign wealth fund globally with $1.36 trillion. The China Investment Corporation (CIC) ranks second at $1.22 trillion, followed by Abu Dhabi Investment Authority (ADIA) at $829 billion.

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