Kuwait Sovereign Wealth Fund continues third highest


KUWAIT CITY – According to an announcement made by The International Institute for Global Sovereign Funds, Kuwait’s sovereign wealth fund has retained the third place among the largest sovereign funds. The Norwegian sovereign fund continues to be in the leading position, followed by the Chinese Investment Authority in the second place, reports Al-Anba daily. In a new update of the global sovereign fund rankings, the institute explained that the total assets of the Kuwaiti sovereign fund increased to $737.93 billion, compared to $692.9 billion previously, in assets, which is an increase of about $45 billion. The assets of the world’s largest sovereign fund, which is that of Norway, fell slightly from $1.36 trillion last year to $1.34 trillion this year. The assets of the second largest sovereign fund globally, which is that of China, remained stable at $1.22 trillion. var width=document.documentElement.clientWidth;if(width>=320&&width=320&&d