Asian state-owned investors (SOIs) are projected to grow their assets under management by 34 per cent over the next five years, aided by growing economies, healthier fiscal balances and bigger contributions from the continent’s relatively young population, according to Sovereign Wealth Fund Institute.
These sovereign investors, which include 146 central banks, sovereign wealth funds and public pension funds, could grow their assets to US$25 trillion by 2030 from an estimated US$18.7 trillion currently, the US-based organisation said in a report on Tuesday. The sum would collectively represent one-third of the global total, it added.
“As countries and their citizens reap the rewards of the integration with the global economy, policymakers hope to capitalise on their position to continue their growth stories, buoyed by favourable demographics and geographic position,” the report said. To meet ambitious development goals, policymakers must raise additional revenue while reining in public spending, it added.
Asia contributed roughly US$35 trillion to global gross domestic product and represented 60 per cent of economic growth last year, it said. It is also home to 46 sovereign wealth funds with US$4.8 trillion of assets as of April 2025.
The report highlighted the prolific deal-making of Singapore’s Government Investment Corp or GIC and Temasek, among the world’s top spenders. Between January 2020 and April 2025, the Singaporean duo accounted for almost three-quarters of all capital deployed by Asian sovereign investors to top destinations like the US, India, UK and China.
