Dubai – Mubasher: Abu Dhabi Investment Authority (ADIA) ranked the third largest sovereign wealth fund with total assets valued at AED 2.9 trillion (AED 792 billion), according to a report by the Sovereign Wealth Fund Institute (SWFI) in September.

Investment Corporation of Dubai (ICD) ranked second with total assets of AED 719 billion ($196 billion), accounting for 17% of the UAE’s four sovereign funds with assets amounting to $ 1.25 trillion.

Total assets of Abu Dhabi Investment Council (ADIC) reached AED 403.7 billion ($110 billion), while the assets of International Petroleum Investment Company (IPIC) stood at AED 243 billion ($66.3 billion).

The Government Pension Fund of Norway was the top wealth fund with assets totalling $885 billion.