Major player: People riding bicycles along the promenade at Marina Bay in Singapore. The city-state’s GIC sovereign wealth fund tops the league, increasing its dealmaking by 75% to US$31.1bil (RM129.56bil), spread across 109 deals. — AFP
LONDON: Assets held by the world’s sovereign wealth and public pension funds rose to a record US$31.9 trillion (RM132.89 trillion) in 2021, thanks to rising US stock and oil prices, and investments rose to their highest for several years, an annual report released showed.
The report on state-owned investment vehicles by industry specialist Global SWF found that the assets managed by sovereign wealth funds (SWFs) rose 6% over the year to US$10.5 trillion (RM43.74 trillion), while those of public pension funds jumped 9% to US$21.4 trillion (RM89.15 trillion).
