Adia maintains reign as fund with largest assets

Abu Dhabi Investment Authority (Adia) continues to be the sovereign wealth fund with by far the largest assets according to data released by the US-based SWF Institute.

Adia's estimated assets of $627 billion (Dh2.3trn) are more than 45 per cent higher than the number two, Saudi Arabia's Sama Foreign Holdings, which clocks in at $431bn.

According to the institute, Adia's holdings span multiple sectors and include a 16 per cent share in the UK-based Eastern European Trust, 9.8 per cent in Bermuda-registered Macquarie International Infrastructure Fund (both holdings through subsidiary Abu Dhabi Investment Company), 8.3 per cent in Egypt-based Hermes Holding, and 4.9 per cent in US-based Citigroup. As much as 75 per cent of Adia's assets are administered by external managers, which includes around 60 per cent that is passively managed through tracking indexed funds, the institute said.