The Maharlika Investment Fund (MIF) was ranked 76th among 109 sovereign wealth funds tracked by IE University, as the SWF industry topped $15 trillion in assets under management (AUM) in 2025, according to a report by BusinessWorld. IE University estimated the MIF's AUM at $2.2 billion in 2026, far smaller than the global average.
Regional sovereign wealth funds, such as those from Singapore, Malaysia, and the Middle East, manage hundreds of billions of dollars, dwarfing the Philippine fund. The MIF's size relative to its peers highlights the challenges faced by the country in building a competitive investment vehicle, though it remains a relatively new entrant in the SWF landscape.
The report underscores the need for the MIF to accelerate capital infusion and improve governance to attract co-investments and generate meaningful returns. As the global SWF industry continues to grow, the Philippines may need to leverage its fund strategically to support infrastructure and economic development.