China to fore as global sovereign assets top $5 trillion

Sovereign wealth fund assets have topped $5 trillion globally for the first time, with Chinese entities accounting for one fifth at $1.14 trillion, according to the Sovereign Wealth Fund Institute. In its latest rankings, the Abu Dhabi Investment Authority leads the pack of 61 sovereign funds with $627 billion in assets, followed by Norway's Government Pension Fund – Global at $611 billion. Safe Investment Company ranks third with $567.9 billion, followed by Saudi Arabia's Sama …