Singapore is home to two biggest state-owned funds buying up the world

Check out this ranking of world's 20 biggest wealth funds with tons of money to throw around.

Sovereign wealth funds are state-owned investment fund that invest on stocks, bonds, property, precious metals or other financial instruments globally.

Institutional Investor magazine recently published its annual list of the largest sovereign wealth funds in the world, two of which come from Singapore - Government Investment Corp and Temasek Holdings.

GIC was incorporated in 1981 under the Singapore Companies Act and is wholly owned by the Government of Singapore. It retains its 4th position with total assets under management amounting to US$247.5b, or 34% up from 2011.

Temasek Holdings Asia meanwhile is an investment company focused primarily in Asia. It slipped one rank down this year to 6th after registering measly 3% growth in portfolio. Total assets now stood at US$157.5b from last year's US$152.9.

Source:https://www.institutionalinvestor.com/Research/3909/Sovereign-Wealth-Fund-Ranking.html