Top 300 pension funds reach new high

Pensioner-with-caneThe world's 300 largest pension funds saw their assets grow by 6% last year, to reach a new high of $15 trillion (€11.4 trillion), accounting for 47% of all assets worldwide. According to the P&I/Towers Watson global 300 research, the rate of growth nearly halved from 10% in the previous year, when assets under management stood at $14 trillion. Latin American and African funds had the highest five-year combined compound growth rate of over 16%, albeit the research notes that both markets are growing from a low base. Meanwhile, funds in Europe grew by 12%, those in North America by 6% and those in the Asia Pacific region by 5%. "The continuing growth of most pension markets is genuinely encouraging; despite the fact that many structural issues remain," Chris Ford, global head of investment at Towers Watson, says. "During 2013, we dared to believe that a number of positive developments presaged the end of the global financial crisis and as it turned out the global economic recovery has continued to gain momentum into 2014." ©2014 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.