PIF aiming to be the worlds largest SWF by 2020

(Saudi Arabia)

According to an article on Arabian Business, the Public Investment Fund of Saudi Arabia (PIF) is growing its assets faster on the international pool as they are trying to diversify, increasing the size and proportion of their total international assets.  PIF's current AUM of $290 billion makes it the 11th largest Sovereign Wealth Fund (SWF) globally according to the Sovereign Wealth Fund Institute.  Saudi Arabia is seeking to transform the PIF from a domestic holding company, into the world’s largest SWF.

Read the original article on Arabian Buisness:  PIF on track to manage $400 billion assets by end of 2020