Fig.

B: Proportion of Sovereign Wealth Funds Investing in Each

Preqin Research Report Asset Class Number and Value of Sovereign Wealth Funds by
Sovereign Wealth Funds 90% Region
80% 79% 79%
Fig. D displays the proportion of sovereign wealth funds
Growth in Sovereign Wealth Funds’ Aggregate Assets 70%

Proportion of SWFs
and aggregate assets under management from each
under Management 60% 55% region. Asia and MENA are home to the largest numbers
51%
50% 47% of sovereign wealth funds, and account for 57% of all
Fig. A shows the growth in the aggregate assets under 40% 37% SWFs between them. Furthermore, funds based in the
management of all sovereign wealth funds worldwide two regions make up three-quarters of the aggregate
30%
over the past four years. Aggregate total assets now value of all SWFs worldwide. The next most significant
20%
stand at $3.51 trillion, which represents a 9% increase region is Europe (including the two Russian SWFs), with
from last year’s figure, confirming that sovereign wealth 10% SWFs based there accounting for 20% of the global
funds have retained their collective significance in the 0% aggregate assets under management.
world of institutional investors. The largest sovereign Public Fixed Private Real Estate Infrastructure Hedge
Equities Income Equity Funds
wealth funds each manage hundreds of billions of dollars.
Although it has never released information on its assets Fig. D: Number and Value of Sovereign Wealth Funds by Region
under management, Abu Dhabi Investment Authority is significant, with 55% of SWFs known to invest in private 45%
likely the largest SWF in the world. The next two largest equity, 51% in real estate, 47% in infrastructure and 37% 40%
40%
SWFs are Norway’s Government Pension Fund – Global in hedge funds. 35%
35% Proportion
and China’s SAFE Investment Company. The three of SWFs
29%
largest SWFs together are estimated to manage well over Sources of Sovereign Wealth Funds’ Capital 30% 28%

$1 trillion in assets. 25%

Proportion
Fig. C shows that the majority of the capital under the 20% 19% of
Aggregate
Proportion of Sovereign Wealth Funds Investing in Each control of sovereign wealth funds originates from the 15% AUM
12%
Asset Class export of hydrocarbon resources such as oil and gas, with 10% 9%
10%
59% of the aggregate assets under management of all 7%
5%
5%
Fig. B displays the proportion of sovereign wealth funds SWFs coming from this source. 60% of sovereign wealth 0.2%
2% 2% 2%

funds are funded by hydrocarbon revenues. Revenue 0%

that are known to invest in each of the asset classes of Africa Asia Australasia Europe Latin MENA North
public equities, fixed income, private equity, real estate, from other commodities is the source of capital for 8% of America & America
Caribbean
infrastructure and hedge funds. Nearly 80% of sovereign sovereign wealth funds, but only accounts for 1% of the
wealth funds invest in public equities, and the same aggregate assets under management. Non-commodity
proportion of SWFs invest in fixed income. Sovereign SWFs make up 32% of the total number and 40% of the
The information in this factsheet is taken from the newly released
wealth fund activity in the alternative asset classes is aggregate assets under management.
2010 Preqin Sovereign Wealth Fund Review.

The 2010 Preqin

Fig. A: Growth in Aggregate Sovereign Wealth Fund Assets under Sovereign Wealth Fund Review

Management: 2007-2010 Fig. C: Sources of Sovereign Wealth Funds’ Capital

Aggregate Assets under Management ($tn)

70%
4.00
60% 59%
3.51 60%
3.50
3.22
3.05 50%
3.00 Proportion of
40% SWFs
40% The 2010 Preqin Sovereign Wealth Fund Review contains
2.50
32%
2.02 30%
detailed profiles and analysis for all sovereign wealth funds
2.00 worldwide, and is a vital source of data and information for all those
1.50 20% Proportion of looking to find out more about this previously opaque group of
Aggregate
AUM
investment funds.
1.00 10% 8%
1% e visit:
For more information please
0.50 0%
Hydrocarbon Other Commodity Non-Commodity www.preqin.com/swf
0.00
2007 2008 2009 2010 Source of SWF Capital

© 2010 Preqin Ltd. / www.preqin.com