Sovereign wealth funds action often under wraps

Sovereign wealth funds, on the hunt for higher returns, have stirred concerns that they may take control of strategic parts of developed economies.

Political leaders in major industrial countries are calling for more openness and transparency from these state-investment vehicles.

Of the 10 largest sovereign wealth funds, holding up to $2 trillion in assets, only four publish detailed annual financial statements.

The following list outlines the top funds in 10 countries and their asset picks where disclosed. COUNTRY: United Arab Emirates FUND: Abu Dhabi Investment Authority (ADIA) ASSETS: est. $250 billion to $875 billion ASSET ALLOCATION: Its estimated portfolio breakdown is 50 percent to 60 percent equities, 20 percent to 25 percent fixed income, 5 percent to 8 percent real estate, 5 percent to 10 percent private equity, and 5 percent to 10 percent alternative investments. ADIA is the largest shareholder in two of UAE's largest banks, National Bank of Abu Dhabi and Abu Dhabi Commercial Bank.

Read Complete Story