London: Sovereign wealth and public pension fund investors poured a whopping $132 billion – roughly half of their investments last year – 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. 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.
“There was a change in paradigm when it comes to recipient countries,” Global SWF managing director Diego Lopez wrote in the report, adding that the world’s largest economy benefited from spending focused on digital infrastructure, data centres and AI companies. Sovereign wealth fund assets alone hit a fresh record – $15 trillion – according to the report, which uses a combination of public data and official reports to monitor the assets and spending of the world’s state-owned investors, including wealth and pension funds and central banks. Overall, sovereign wealth fund investments grew by 35% to $179.3 billion.
