Most sovereign wealth from energy

AFP/SCANPIX

related stories

By News Wires

 14 January 2010 01:13 GMT

US fund company State Street Global Advisors said today that it had identified 37 major sovereign wealth funds across the world worth $3 trillion, of which more than two-thirds came from oil and gas interests.

All of the 37 had at least $3 billion in assets and eight had more than $100 bilion, it said.

SSGA said its study of the companies, many of which it does business with, showed about 70% of the wealth held by the state-sponsored funds came from oil and gas revenues. Only 13 of the 37 SWFs were not based on commodity wealth.

Asia had the largest number of SWFs at 13, but the 10 funds based in the Middle East had nearly half the wealth, or 46%, between them.

SSGA said SWFs were…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index