KUWAIT CITY, March 9: Recent figures released by the Sovereign Wealth Fund Institute (SWFI) reveal a substantial 15% surge in the assets of Kuwait’s sovereign fund managed by the General Investment Authority, reports Al-Rai daily. The fund’s value has soared from $803 billion in July 2023 to $923.45 billion currently, marked by 811 transactions. Despite this remarkable growth, Kuwait’s Sovereign Fund, known as “Future Generations,” maintains its fifth position among the world’s largest sovereign wealth funds in terms of asset size.

It follows behind prominent funds such as the Norwegian Government Pension Fund, with assets totaling $1.648 trillion, and the Chinese Investment Corporation at $1.35 trillion. Additionally, the State Monetary Administration of China holds $1.09 trillion, while the Abu Dhabi Investment Authority manages assets worth $993 billion. The Saudi Public Investment Fund occupies the sixth position with assets amounting to $777 billion.

Within the Arab world, Kuwait’s sovereign fund remains in second place, trailing behind the Abu Dhabi Authority. This robust growth in the assets of Kuwait’s sovereign fund coincides with the Investment Authority’s anticipation of one of its most prosperous financial years to date. Benefitting from the overall market upsurge, the fund has achieved returns exceeding 10%. Notably, more than 50% of its investments are concentrated in the United States, reflecting a diversified and globally oriented investment strategy