JAKARTA - The Investment Management Agency (BPI) Daya Anagata Nusantara (Dantara) Indonesia is ranked sixth in the ranks of the country's wealth fund managers or the strongest sovereign wealth funds (SWFs) at the global level.
The rating was compiled by The World in Maps which stated that Danantara Indonesia became a prominent SWF at the global level, with the value of assets under management (AUM) reaching US$983 billion.
"One of the highlights in this year's ranking is the Anagata Nusantara Investment Management Agency, SWF Indonesia. With an extraordinary value of 983 billion US dollars," was quoted from @theworld.in.maps in Jakarta, Saturday.
Danantara Indonesia is considered to have potential and strength that will develop rapidly and can surpass the strongest SWF in the world.
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"This SWF is growing rapidly, and has even surpassed some of the oldest SWFs in the world. In contrast to natural resource-based funds, SWF Indonesia is more focused on digital infrastructure and economy, attracting global investors who want to take advantage of the country's economic growth," wrote The World in Maps.
Along with the increasing influence of the SWF, the trend of global investment has changed, whether driven by oil wealth, foreign exchange reserves, or industrial expansion.
Danantara Indonesia is highlighted not only as a forum to accommodate the total assets of SOEs, but also as a source of power for the Indonesian state to further develop the global economy and market industry.
"With countries like Indonesia rapidly rising to the rankings, the SWF landscape is becoming increasingly diverse, marking shifts from traditional financial centers," he added.
The top 10 Sovereign Wealth Funds by Assets Under Management are as follows:
1. Norway 1.74 trillion US dollars
2. China (CIC) 1.33 trillion US dollars
3. China (SAFE) 1.09 trillion US dollars
4. UAE 1.06 trillion US dollars
5. Kuwait 1.03 trillion US dollars
6. Indonesia 983 billion US dollars
7. Saudi Arabia 925 billion US dollars
8. Singapore 801 billion US dollars
9. Qatar 526 billion US dollars
10. Hong Kong 514 billion US dollars
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