The world’s largest endowments have been announced! Here it is TVF’s turn

Global SWF, the data platform that collects information on Sovereign Funds and Public Pension Funds, announced the Global Wealth Funds 2023 report.

The report also includes the largest endowments in the world. According to the report, the largest wealth fund in the world was the China Wealth Fund worth $1.3 trillion.

It was followed by the Norwegian Wealth Fund worth $1.14 trillion and the UAE’s Abu Dhabi Wealth Fund worth $993 billion. Türkiye Wealth Fund ranked 48th with a value of $22 billion.

REPORT HIGHLIGHTS

The report claimed that 2022 will be one of the most difficult years in recent history for public equity investors, and that the Russia-Ukraine war increased oil prices and increased inflation rates to levels not seen in 40 years.

“Central banks raised interest rates trying to reduce inflationary pressures,” the report says. The year ended with what some might call the explosion of the cryptocurrency craze. “This represented the end of bull markets that quickly recovered from Covid 19, and most analysts agree that a recession is likely in 2023.”

IT HAPPENED FOR THE FIRST TIME IN 2022

Recalling that 2022 is the first year in which sovereign wealth funds lost value, the report estimates that the total decrease was $1 trillion. It was reported that the assets of the Public Pension Funds decreased by approximately 1.3 trillion dollars.

The report said: “The biggest challenge of 2022 was the simultaneous and significant corrections in bonds and stocks not seen in 50 years. “This is not a US-specific event, but has been seen around the world.”

It was stated that in 2022 state investors transferred more capital to fewer deals compared to the previous year, while wealth funds invested $152.5 billion in 427 deals, up 38 percent from the previous year.