State funds are set to make a bigger wave in global financial markets and the world economy - and Singapore's are in the leading pack, according to a recent study by London-based Standard Chartered Bank and Oxford Analytica, a consulting firm also based in London. Singapore is not just on the list of Super Seven Sovereign Wealth Funds (SWFs) with assets valued over US$100 billion, it is also the only country that boasts two SWFs - the Government of Singapore Investment Corporation (GIC) and Temasek - on the list. With estimated assets of US$215 billion in equities, real estate, commodities, foreign exchange and other investments, GIC is the third largest SWF in the world, behind the United Arab Emirates's Abu Dhabi Investment Authority fund (US$625 billion) and Norway's Government Pension Fund (US$322 billion).