US$11.894.838.291.640. Difficult to read this figure, isn't it? That's US$11.9 trillion. That is the value of the assets managed by sovereign wealth funds in the world in April 2024, according to data from Global SWF, an analysis firm focused on state investments in the world. This is a figure equivalent to 35 times Chile's GDP and 10 times higher than 25 years ago. The truth is that, according to Global SWF, assets held by the world's states (including those belonging to central banks, sovereign wealth funds and public pension funds) have not stopped growing in recent decades. After a slight decline in 2022, they have recovered to a peak in 2021, totaling US$51 trillion. In 2000 they totaled only US$12.2 trillion.

Which are the state-owned entities with the most assets under management?
This is the Global SWF list:

1. People's Bank of China (China): US$3.3 trillion (central bank)
2. Norges Bank Investment Management (Norway): US$1.6 billion (sovereign wealth fund)
3. Government Pension Investment Fund (Japan): US$1.6 trillion (pension fund)
4. China Investment Corporation (China): US$1.2 billion (sovereign wealth fund)
5. Bank of Japan (Japan): US$1.2 trillion (central bank)
6. European Central Bank (Europe): US$1.2 trillion (central bank)
7. State Administration of Foreign Exchange (China): US$1.1 billion (sovereign wealth fund)
8. Abu Dhabi Investment Authority (Abu Dhabi): US$0.98 billion (sovereign wealth fund)
9. Public Investment Fund (Saudi Arabia): US$0.93 billion (sovereign wealth fund)
10. Kuwait Investment Authority (Kuwait): US$0.85 billion (sovereign wealth fund)

In Latin America, the organization with the most assets under management is the Central Bank of Brazil, ranked 28th, with US$340 billion, followed by the Bank of Mexico (ranked 48th, US$205 billion), the Banco de la República of Colombia (ranked 142nd, US$57 billion) and the Central Bank of Chile (ranked 165th, US$43 billion).