Top 26 World’s Largest Sovereign Pension Funds, 2013



Sovereign pension fund is a fund established by national authorities to meet of pension liabilities. In Malaysia, there are 2 sovereign pension funds namely, Employees Provident Fund (EPF) and Kumpulan Wang Persaraan (KWAP). However, only EPF was listed in top 26 largest Sovereign Pension Funds. The data shown here are as of end 2012 & early 2013.

EPF down 1 spot from 6th spot in 2012 to 7th spot in 2013 with total assets grew from $153.9 billion to $175.7 billion or 14.2%. The top spot retained by Japanese Government Pension Investment Fund with the fund size exceeding $1.29 trillion.

The table below is top 26 world’s largest sovereign pension funds.

Rank Fund Country Total Assets ($mill)
1 Government Pension Investment Fund Japan 1,292,003
2 Government Pension Fund Norway 712,606
3 National Pension Corporation Korea 368,450
4 Central Provident Fund Singapore 188,430
5 Canada Pension Plan Canada 184,425
6 National Social Security Fund China 177,486
7 Employees Provident Fund Malaysia 175,720
8 GEPF South Africa 122,225
9 National Wealth Fund Russia 88,064
10 The Future Fund Australia 85,546
11 Fondo de Reserva de la Seguridad Social Spain 81,857
12 Employees’ Provident Fund India 68,138
13 Public Institute for Social Security Kuwait 53,867
14 Labor Pension Fund Taiwan 53,099
15 FRR France 48,301
16 AP Fonden 3 Sweden 36,746
17 AP Fonden 2 Sweden 36,403
18 AP Fonden 1 Sweden 35,561
19 AP Fonden 4 Sweden 34,767
20 Zilverfond Belgium 25,304
21 State Pension Finland 20,269
22 National Pensions Reserve Ireland 20,059
23 AP Fonden 7 Sweden 18,468
24 FEFSS Portugal 14,443
25 Fonds de Comp. de la Securite Sociale Luxembourg 13,620
26 The New Zealand Superannuation Fund New Zealand 13,078


Source : Towers Watson


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