ASIATODAY.ID, JAKARTA – The Daya Anagata Nusantara Investment Management Agency (Danantara) Indonesia is ranked sixth in the ranks of the strongest Sovereign Wealth Funds (SWFs) globally.
The ranking was compiled by The World in Maps which stated that Danantara Indonesia is a prominent SWF globally, with assets under management (AUM) reaching US$983 billion.
“One of the prominent ones in this year’s ranking is the Daya Anagata Nusantara Investment Management Agency (Danantara), an Indonesian SWF, with an extraordinary value of US$983 billion,” as quoted from @the.world.in.maps in Jakarta, Saturday.
Danantara Indonesia is considered to have the potential and strength that will develop rapidly and could surpass the strongest SWF in the world.
“This SWF (Danantara) is growing rapidly, even surpassing some of the oldest SWFs in the world. Unlike natural resource-based funds, Indonesia’s SWF focuses more on infrastructure and the digital economy, attracting the interest of global investors who want to take advantage of the country’s economic growth,” wrote The World in Maps.
As the influence of SWFs increases, global investment trends are changing, whether driven by oil wealth, foreign exchange reserves, or industrial expansion.
Danantara Indonesia is highlighted not only as a container to accommodate the total assets of State-Owned Enterprises (BUMN), but also as a source of strength for the Indonesian state to further develop the economic industry and global market.
“With countries like Indonesia rapidly rising in the rankings, the SWF landscape is becoming increasingly diverse, marking a shift away from traditional financial centers,” he added.
The top 10 Sovereign Wealth Funds by Assets Under Management are as follows:
- Norway with AUM of US$1.74 trillion
- China (CIC) with AUM of US$1.33 trillion
- China (SAFE) with AUM of US$1.09 trillion
- UAE with AUM of US$1.06 trillion
- Kuwait with AUM of US$1.03 trillion
- Indonesia with AUM of US$983 billion
- Saudi Arabia with AUM of US$925 billion
- Singapore with AUM of US$801 billion
- Qatar with AUM of US$526 billion
- Hong Kong with AUM of US$514 billion
(AT Network)
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