Understanding Sovereign Wealth Funds: A Guide for Investors and Policymakers Sovereign wealth funds (SWFs) have become a significant presence in global finance over the past few decades, with assets under management growing from approximately $70 billion in 1990 to more than $7 trillion today.
These state owned investment vehicles have captured the attention of investors, policymakers, and academics due to their substantial impact on host countries, global markets, and the world economy.
At its core, an SWF is a government owned investment fund that manages surplus wealth on behalf of the nation.