Asset: Global Sovereign Wealth Fund Assets Hit Record High, Increased Investment in Technology Sector
BlockBeats News, January 1st, a new report from Global SWF shows that this year, the global sovereign wealth funds' assets under management (AUM) have reached a record high of $15 trillion. This growth is mainly attributed to the major funds' gains in a bull market and their continued focus on the technology sector. Sovereign investors' total investment in AI and digitalization is expected to reach $66 billion by 2025.
In this wave, wealth funds in the Middle East have been particularly active, emerging as leaders in digital transformation: Mubadala Investment Co. in Abu Dhabi is set to invest $12.9 billion in AI and digitalization by 2025, followed by Kuwait Investment Authority and Qatar Investment Authority with $6 billion and $4 billion investments respectively. (Jinse)
