Sovereign wealth fund
InvestingDefinition
A state-owned investment fund. Funded by oil revenue (Norway GPFG $1.6T, Saudi PIF $700B, ADIA $850B) or trade surplus (China CIC $1.2T, Singapore GIC $700B).
Long-term oriented but increasingly active. Norway GPFG owns ~1.5% of every public company globally — world's biggest single shareholder. Influences ESG voting, M&A, and large-cap valuations.
Long-term oriented but increasingly active. Norway GPFG owns ~1.5% of every public company globally — world's biggest single shareholder. Influences ESG voting, M&A, and large-cap valuations.