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Laxman Pai, Opalesque Asia: The world's 100 largest asset owners are responsible for a record US$25.7trn of assets, as of year-end 2021, according to a study by the Thinking Ahead Institute (TAI).
The Asset Owner 100 - 2022 report, in its fifth year, revealed that total assets among the largest organizations have grown by 9% as of end-2021, down from 16% growth over the previous year.
Pension funds remain the single biggest group of asset owners in the global study, controlling 56% of total assets although this has fallen from 58% the previous year. By contrast, sovereign wealth funds have seen their share rise comfortably above one-third, to 37%, up from 35% the previous year.
The Government Pension Investment Fund of Japan remains the largest asset owner in the world ($1.7trn) followed by the two largest sovereign wealth funds: Norway's Government Pension Fund Global (GPFG), which is managed by Norges Bank Investment Management ($1.4trn) and China Investment Corporation ($1.2trn).
Roger Urwin, the co-founder of the Thinking Ahead Institute, said: "These big asset owners control the world's most influential capital and hold great responsibility and growing influence concerning their beneficiaries, and to a widening group of stakeholders."
Roger added: "The research highlights that many of these asset owners act as universal owners - long-term, leadership-minded holders of portfolios that are exposed to the entire market and economy - and have a ...................... To view our full article Click here
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