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Laxman Pai, Opalesque Asia: Assets under management (AUM) at the world's 300 largest pension funds increased in value by 8.0% to a total of $19.5trn in 2019, compared to the 0.4% decline in the previous year, said a study.
The value of the top 20 pension funds' AUM also rose by 8.1% in the same period, equating to 40.7% of the total AUM in the rankings, unchanged from the year before, according to the study by Thinking Ahead Institute.
The compound annual growth rate of the top 20 funds during the past five years was 5.5%, compared to 4.9% for the top 300 funds during the same period, it said.
North America remains the largest region in terms of AUM, accounting for 43.8% of all assets in the research and decreasing from a share of 45.2% in 2018.
Europe and Asia-Pacific AUM represent 25.8% and 26.6% respectively.
Asia-Pacific had the largest annualized growth during the period 2014 to 2019 (7.0%), whereas North America and Europe had annualized growth rates of 5.1% and 2.8% respectively, in the same period.
The US accounts for 142 funds in the ranking. Since 2014, it has seen ten funds leave the top 300, and 24 new funds join.
Sovereign and public sector pension funds currently account for 68.3% of the total assets, with 144 funds in the top 300.
On a weighted average for the top 20 funds, assets are predominantly invested in equities (45.4%) followed by fixed income (36.8%) and alternatives and cash (17.8%). Regarding weighted average alloca...................... To view our full article Click here
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