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Laxman Pai, Opalesque Asia: Sovereign wealth funds (SWFs) now make up a record share of 38.9% of total assets among the world's largest 100 asset owners (AO100), said a study.
In absolute terms, sovereign wealth funds within the AO100 now represent US$9.1 trillion, according to new research by the Thinking Ahead Institute.
"This has risen as a proportion due to a slower correction in collective assets among turbulent markets - after SWFs saw the combined effects of relative investment performance and new inflows outperform over the last twelve months compared to other types of asset owner," the study stated.
Meanwhile, pension funds only just retain the majority share of AUM among the largest 100, with the combined assets of pension funds making up 52.8%, while outsourced CIOs and master trusts are responsible for the remaining 8.3% of total AUM in the AO100.
"This marks a clear decline over the medium term. Five years ago, pension funds made up more than 60% of the AO100, while SWFs represented 32% or less than one-third," the study noted.
The world's 100 largest asset owners are now responsible for US$ 23.4 trillion as of the end of 2022; experiencing a decline of nearly 9% compared to the previous year when this stood at US$25.7 trillion for the largest 100 asset owners at the time.
The very largest 20 asset owners in the world now have a total of US$12.9 trillion alone - meaning the largest 20 represent 55.2% of the total AUM...................... To view our full article Click here
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