{"id":261768,"date":"2026-01-01T14:41:07","date_gmt":"2026-01-01T14:41:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/261768\/"},"modified":"2026-01-01T14:41:07","modified_gmt":"2026-01-01T14:41:07","slug":"us-draws-bulk-of-state-owned-investment-in-2025-as-assets-hit-record-60-trillion","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/261768\/","title":{"rendered":"US draws bulk of state-owned investment in 2025 as assets hit record $60 trillion"},"content":{"rendered":"<ul data-testid=\"Summary\" class=\"summary-module__summary__QjADA\">\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">US receives 48% of state-owned investments (SOI) in 2025<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Gulf countries have pledged billions to US investments<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">SOI investment in emerging markets drop 28% from 2024 to lowest in at least five years<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Eleven new SWFs launched, all in emerging markets<\/li>\n<\/ul>\n<p>LONDON, Jan 1 (Reuters) &#8211; Sovereign wealth and public pension fund investors poured a whopping $132 billion &#8211; roughly half of their investments last year &#8211; into the United States in 2025, while big emerging markets drew in almost a third less than in 2024, an annual report showed on Thursday.<\/p>\n<p>These huge investors together with central banks notched a record $60 trillion in assets under management last year, the report from Global SWF showed, with sovereign wealth funds accounting for two-thirds of the money invested in the U.S. during the year.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/americas\/us-draws-bulk-state-owned-investment-2025-assets-hit-record-60-trln-2026-01-01\/undefined?location=article-paragraph&amp;redirectUrl=%2Fworld%2Famericas%2Fus-draws-bulk-state-owned-investment-2025-assets-hit-record-60-trln-2026-01-01%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">here.<\/a><\/p>\n<p>&#8220;There was a change in paradigm when it comes to recipient countries,&#8221; Global SWF managing director Diego Lopez wrote in the report, adding that the world&#8217;s largest economy benefited from spending focused on digital infrastructure, data centres and AI companies.<\/p>\n<p>Sovereign wealth fund assets alone hit a fresh record &#8211; $15 trillion &#8211; according to the report, which uses a combination of public data and official reports to monitor the assets and spending of the world&#8217;s state-owned investors, including wealth and pension funds and central banks.<\/p>\n<p>Overall, sovereign wealth fund investments grew by 35% to $179.3 billion.<\/p>\n<p>EMERGING MARKET SLIDEFunneling investments to the U.S. came at the expense of emerging markets, however &#8211; despite their <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/americas\/marvellous-emerging-markets-tipped-another-star-showing-2026-2025-12-19\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">outsized performance<\/a> in 2025.<\/p>\n<p>&#8220;The big losers were emerging markets, especially China, India, Indonesia, and Saudi Arabia, which received in 2025 disappointing levels of investment: a 28% drop from 2024, and only 15% of the total,&#8221; Lopez wrote.<\/p>\n<p><a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/finance\/private-credit-cash-pivots-risky-west-emerging-markets-2025-10-07\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">Private credit investors<\/a> by contrast have begun a pivot to emerging markets, seeking stronger returns and more advantageous project structures, the report showed.All 11 new sovereign funds launched during the year originated in emerging markets, but with crude oil prices under pressure, 2026 could bring change for the current big spenders. Saudi Arabia already <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-arabia-plans-refocus-925-billion-fund-after-gigaproject-delays-source-says-2025-10-29\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">has plans to refocus spending<\/a> amid low oil prices and delays to flagship projects.<\/p>\n<p>&#8220;New capital will depend on the source of revenue: SWFs reliant on oil will find 2026 another tough year as revenues stagnate, while natural gas and metals such as copper spur new flows,&#8221; Lopez wrote.<\/p>\n<p>US RETAINS ITS PULLING POWER<\/p>\n<p>The investment flow figures, Lopez noted, do not include the estimated $2.2 trillion of Magnificent 7 stocks &#8211; Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla &#8211; that sovereign wealth and pension funds already hold.<\/p>\n<p>The shift to the U.S. underscores its pulling power, even as investors sought to diversify as President Donald Trump reshapes the economy.<\/p>\n<p>A whopping $132 billion &#8211;  48% of the total of state-owned investor cash from pension and sovereign wealth funds &#8211; went to the United States.\u00a0Emerging market investments fell to the lowest in at least five years.<\/p>\n<p>It also comes after eye-watering pledges from Gulf countries to invest billions in the United States &#8211; often through their powerful sovereign wealth funds.<\/p>\n<p>Saudi Arabia was Trump&#8217;s first foreign visit during his second term, and he hosted influential Saudi Crown Prince Mohammed bin Salman at the White House in November. Trump said Saudi Arabia had agreed to <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/trump-starts-gulf-visit-seeking-big-economic-deals-2025-05-13\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">invest $600 billion<\/a> in the U.S., while bin Salman pledged to increase the total to $1 trillion.<\/p>\n<p>Abu Dhabi has pledged $1.4 trillion for U.S. investments, while Qatar plans $500 billion over the next decade.<\/p>\n<p>Saudi Arabia&#8217;s Public Investment Fund (PIF) with $36.2 billion committed, of which 80% will go to its takeover of games maker Electronic Arts, and Abu Dhabi&#8217;s Mubadala, with a record $32.7 billion, were the top two spenders.<\/p>\n<p>Gulf funds PIF, Abu Dhabi-based L&#8217;imad Holding Company PJSC, Qatar Investment Authority are also <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/finance\/hollywood-hungry-gulf-states-bankroll-paramounts-warner-bros-bid-2025-12-09\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">key financial backers<\/a> of Paramount Skydance&#8217;s hostile bid to take over Warner Bros Discovery.<\/p>\n<p>Canada&#8217;s CPP and La Caisse as well as Singapore&#8217;s GIC joined PIF and Mubadala in the top five spenders.<\/p>\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by Libby George, editing by Karin Strohecker; Editing by Hugh Lawson<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n<p><a href=\"https:\/\/www.reutersagency.com\/en\/licensereuterscontent\/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead\" target=\"_blank\" dir=\"ltr\" class=\"button-module__link__A3sD0 button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F\" data-testid=\"LicenceContentButton\" rel=\"nofollow noopener\">Purchase Licensing Rights<\/a><a data-testid=\"AuthorBioImageLink\" class=\"author-bio-module__author-image__jcaG3\" href=\"https:\/\/www.reuters.com\/authors\/libby-george\/\" referrerpolicy=\"no-referrer-when-downgrade\" tabindex=\"-1\" rel=\"nofollow noopener\" target=\"_blank\"><\/a><\/p>\n<p data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 author-bio-module__description__9ynkB\">Libby George is a London-based journalist on the Reuters emerging markets team. She was part of a team named as Pulitzer finalists in 2023, and who won the Selden Ring Award for International Investigative Reporting, for a series of stories revealing abuses by Nigeria\u2019s military. After launching her career as a political journalist in Washington, D.C., she joined Reuters in 2015 covering oil, and from 2019-2023, she was senior correspondent and acting bureau chief based in Lagos, Nigeria. <\/p>\n","protected":false},"excerpt":{"rendered":"US receives 48% of state-owned investments (SOI) in 2025 Gulf countries have pledged billions to US investments SOI&hellip;\n","protected":false},"author":2,"featured_media":261769,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[1628,82772,82519,2000,2786,82703,82499,82758,36586,79,38368,84893,134637,84897,82502,82538,82546,83395,82556,82549,82541,82550,83396,84041,83397,83391,82530,83393,84146,82531,84461,82557,82540,83394,82548,82551,83116,179,18,55396,82578,95661,82520,32356,82503,2004,82516,45748,85214,88436,95662,19,82766,82767,17,105113,83122,84108,82524,82507,82508,87218,76075,82773,83390,111244,84117,84119,82534,82533,107,82518],"class_list":{"0":"post-261768","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-ae","9":"tag-afr","10":"tag-amers","11":"tag-asean","12":"tag-asia","13":"tag-asxpac","14":"tag-bact","15":"tag-bisv","16":"tag-biz","17":"tag-business","18":"tag-ca","19":"tag-cdm","20":"tag-cfin","21":"tag-dbt","22":"tag-deal1","23":"tag-destabx","24":"tag-destbnx","25":"tag-destc","26":"tag-destd","27":"tag-destdnp","28":"tag-deste","29":"tag-destfun","30":"tag-destgro","31":"tag-destm","32":"tag-destmtl","33":"tag-desto","34":"tag-destocabsm","35":"tag-destoil","36":"tag-destortao","37":"tag-destousbsm","38":"tag-destptd","39":"tag-destrbn","40":"tag-destrnp","41":"tag-destsof","42":"tag-destu","43":"tag-destucdptest","44":"tag-eco","45":"tag-economy","46":"tag-eire","47":"tag-emea","48":"tag-emrg","49":"tag-eub","50":"tag-europ","51":"tag-fin","52":"tag-fins","53":"tag-fund","54":"tag-gb","55":"tag-gen","56":"tag-gfin","57":"tag-gvd","58":"tag-hyd","59":"tag-ie","60":"tag-invbis","61":"tag-invm","62":"tag-ireland","63":"tag-loa","64":"tag-mce","65":"tag-meast","66":"tag-namer","67":"tag-news1","68":"tag-pol","69":"tag-pve","70":"tag-sa","71":"tag-seasia","72":"tag-sg","73":"tag-sov","74":"tag-swasia","75":"tag-tglf","76":"tag-topcmb","77":"tag-topnws","78":"tag-us","79":"tag-weu"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/261768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=261768"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/261768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/261769"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=261768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=261768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=261768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}