Global Sovereign Wealth Funds Surpass $9trn

Global sovereign wealth fund assets, including Nigeria’s, have reached $9,143,213,790,349, data released by the Sovereign Wealth Fund Institute (SWFI) has indicated. Norway’s Norges Bank Investment Management with $1.4 trillion in assets, is the world’s biggest sovereign wealth fund, the report revealed. It is followed by China Investment Corporation — $1,222,307,000,000; Kuwait Investment Authority , $692,900,000,000; and Abu Dhabi Investment Authority, …