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Laxman Pai, Opalesque Asia: Global pension fund assets fell 3.5% to $40.1tn at the end of 2018 from $41.56tn in 2017, the third worst showing in 20 years.
According to a report from Willis Towers Watson Investments, the US is the largest pension market followed, at significant distance, by Japan and the UK. Together they account for over 76% of all pensions assets.
During the last ten years, the fastest growing pension markets have been Australia (10.2%), Chile (10.2%) and Hong Kong (8.5%) in USD terms. France and Japan have had the slowest rates of growth in USD terms since 2008 (0.1% and -0.7% respectively).
While the top ten US pension funds represent 8.4% of total assets, the top ten Japanese pension funds account for 69.1% of total assets. This is largely explained by the Government Pension Investment fund that represents 46.6% of Japan's pension assets.
In the UK, the top ten pension funds represent 16.9% of the total UK pension assets. Among them, 11.3% are private pension funds and the 3.9% are state-sponsored pension funds.
According to the study, equities allocations in the seven largest markets dropped to 40% from 60% over the past two decades as pension funds put more money into alternative assets.
The seven markets accounted for 91% or $36.55tn of global pension assets last year, led by the US with a 61.5% share, or $24.71tn.
The Global Pension Assets Study covered 22 major pension markets (the P22), which now totals USD 40,173 billion in ...................... To view our full article Click here
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