Trillion-dollar losses in sovereign wealth funds
Last year, the value of sovereign wealth funds decreased by $1 trillion to $10.6 trillion. Sovereign wealth funds lost value for the first time in 2022. Sovereign wealth funds lost value for the first time in 2022, by $1 trillion. According to a report by Global SWF, a data platform that tracks more than 400 sovereign wealth funds, the economic effects of rising oil prices and inflation due to the war that Russia started in Ukraine also caused 2022 to be difficult for funds investing through the state. Last year, the value of sovereign wealth funds decreased by $1 trillion to $10.6 trillion. Sovereign wealth funds lost value for the first time in 2022. On the other hand, the value of public pension funds decreased by $1.3 trillion to $20.8 trillion. Public pension fund investments fell Investments of sovereign wealth funds in 2022 increased by 38 percent compared to the previous year, reaching $152.5 billion, while investments of public pension funds decreased by 9 percent, reaching $108.6 billion. Thus, the total investments of sovereign wealth funds and public pension funds reached $261.1 billion. Of these investments, 20 percent were in real estate, 18 percent in technology, 17 percent in infrastructure, 17 percent in finance, and 9 percent in consumer-focused investments. The remaining 19 percent of investments were made in the healthcare, industry, and energy sectors. The Government Investment Corporation of Singapore (GIC) was recorded as the sovereign wealth fund with the largest investment in 2022, with $40.3 billion.