Total assets in sovereign wealth funds exceeded $5 trillion at the end of last month for the first time, fuelled by oil and other commodities.

According to research group Sovereign Wealth Fund Institute, the 59 funds it lists had total assets of $5,004bn. The largest, the Abu Dhabi Investment Authority (Abu Dhabi's Sheikh Zayed Grand Mosque is pictured above) has $627bn and the smallest, Mongolia's Fiscal Stability fund, is believed to have less than $10m after being founded last year.

Sovereign wealth firepower tops $5 trillion

Total assets in sovereign wealth funds exceeded $5 trillion at the end of last month for the first time, fuelled by oil and other commodities

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