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Saudi Arabia's Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed. PIF's whopping $31.5 billion spend in 2023 compared with $123.8 billion for all sovereign wealth funds, based on a preliminary annual report from industry specialist Global SWF, which tracks the world's sovereign investment funds. The strong rally last year in global stocks helped to swell the assets managed by the sovereign wealth funds worldwide to a record $11.2 trillion.

The Public Investment Fund was the world’s most active sovereign investor last year, deploying US$31.6 billion in 2023 versus US$20.7 billion the previous year, according to research consultancy Global SWF

Norway says its massive sovereign wealth fund — the world's largest — will dump its...

The report on state-owned investment vehicles by industry specialist Global SWF found that the assets managed by sovereign wealth funds rose 6% over the year to $10.5 trillion, while those of public pension funds jumped 9% to $21.4 trillion Get more World News and Business News on Zee Business.