UAE manages 14.6% of global sovereign wealth funds' assets: SWF Institute | ZAWYA MENA Edition:
The UAE has acquired around 14.6% or $1.191 trillion of total global sovereign wealth funds’ assets worth $8.14 trillion, data by the Sovereign Wealth Fund Institute (SWF Institute) showed.
Abu Dhabi Investment Authority (ADIA) was ranked the third among the largest sovereign funds with $697 billion in assets, according to the SWF Institute’s recent report in February.
Meanwhile, Investment Corporation of Dubai (ICD) came in the 13th spot with assets of around $233.8 billion, followed by state investment fund Mubadala Development Company (MDC) with around $226 billion in assets, the report added.
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