Recent figures released by the Sovereign Wealth Fund Institute (SWFI) revealed a significant surge in the assets of Kuwait’s sovereign fund managed by the Kuwait Investment Authority.

The fund’s value skyrocketed by 15 percent, rising from $803 billion in July 2023 to $923.45 billion at the moment, marked by a total of 811 transactions, reports Al-Rai daily.

Despite this impressive growth, Kuwait’s Sovereign Fund “Future Generations” retained its fifth position among the world’s largest sovereign wealth funds in terms of asset size. It follows behind prominent funds such as the Norwegian Government Pension Fund with $1.648 trillion, the Chinese Investment Corporation with $1.35 trillion, and the State Monetary Administration of China with $1.09 trillion.

Additionally, it surpasses the Abu Dhabi Investment Authority with $993 billion, while the Saudi Public Investment Fund ranks sixth with $777 billion.

In the Arab world, Kuwait’s sovereign fund remains in the second position after the Abu Dhabi Authority.

This notable increase in assets comes amid preparations by the Investment Authority for one of its most successful financial years, propelled by a general uptick in the market.

The fund is anticipated to achieve returns exceeding 10 percent, largely due to its substantial investments concentrated in the United States, accounting for more than 50 percent of its portfolio.