State wealth funds lost $1 trillion in value in 2022

State wealth funds lost $1 trillion in value for the first time last year.

According to the report by Global SWF, a data platform that tracks more than 400 state wealth funds, rising oil prices due to Russia’s war in Ukraine and the economic effects of inflation made 2022 difficult for investors. funds invested by the states.

Last year, the value of sovereign wealth funds fell by $1 trillion to $10.6 trillion. State endowments lost value for the first time in 2022.

THE VALUE OF PUBLIC PENSION FUNDS DECREASED BY $1.3 BILLION

On the other hand, the value of public pension funds decreased by $1.3 trillion to $20.8 trillion.

Investments by state endowment funds in 2022 increased 38 percent over the previous year to reach $152.5 billion, while investments by public pension funds decreased 9 percent to $108.6 billion.

Thus, the total investment of state endowment funds and public pension funds reached $261.1 billion.

Twenty percent of those investments consisted of real estate, 18 percent technology, 17 percent infrastructure, 17 percent finance, and 9 percent consumer-facing investments. The remaining 19 percent of the investments were made in the health, industry and energy sectors.

The Government Investment Corporation of Singapore (GIC) registered as the top investor government wealth fund of 2022 with $40.3 billion. (AA)