In 2025, sovereign wealth and public pension fund investors poured a staggering $132 billion, roughly half of their total investments for the year, into the United States, according to the latest annual report from Global SWF. By contrast, major emerging markets drew almost a third less than in 2024, despite posting strong returns. The report highlighted that sovereign wealth funds now manage record assets of $15 trillion, contributing to a historic $60 trillion in combined assets under management across state owned investors, public pension funds and central banks. Overall, sovereign wealth fund investments grew by 35% to $179.3 billion in 2025.