Africa Business Radio

Data released by the Sovereign Wealth Fund Institute has indicated that Global sovereign wealth fund assets, including Nigeria’s, have reached $9 trillion. The report revealed that Norway’s Norges Bank Investment Management with $1.4 trillion in assets, is the world’s biggest sovereign wealth fund.A breakdown of the sovereign wealth fund market share by region as of September 9, 2021, indicated that Asia accounts for 41.7 per cent of the assets, followed by the Middle East with 32.8 per cent and Europe with 18.1per cent.The SWFI noted that the key difference from 2000 to 2012 versus 2012 to 2021 was investment returns in the current period, especially in markets fueled by central bank quantitative easing action.