EU Covid funds driving boom in sovereign wealth funds, new research shows (euobserver.com)

• Europe now holds 16% of global sovereign assets.
• Spain and Portugal are using EU recovery funds to create new sovereign wealth funds.
• AI investments account for one-third of sovereign fund capital.

"EU countries are using billions from the post-pandemic recovery fund to set up sovereign investment funds. Europe now accounts for 16% of global sovereign assets, according to the Sovereign Wealth Funds Report 2026. Spain's 'Spain Grows' fund uses €10.5bn from the recovery fund. Portugal also approved a sovereign wealth fund. AI accounts for one-third of sovereign fund investments."