Biggest funds increase 11.5% to hit $21.7 trillion in 2020
Assets of the world’s 300 largest retirement funds increased 11.5% to $21.72 trillion in 2020, despite the effects of the coronavirus pandemic that ravaged stock markets and economies in the first half of the year, according to the latest annual survey by Pensions & Investments and Willis Towers Watson PLC’s Thinking Ahead Institute.
Read also Sweden. AP2 continues sustainability journey with stellar returns and costs
The top funds’ assets also grew at a faster rate than a year earlier, when they increased by 8%.
Read also APG launches first index funds to tap Dutch sustainability drive
Most markets quickly recovered from the effects of the pandemic, said Marisa A. Hall, London-based co-head of the Thinking Ahead Institute, who added that the S&P 500 index was back to pre-pandemic levels by August 2020 and notched more than an 18% total return in 2020.
Read also Danish pension sector adopts common climate reporting rules
Over the past five years, assets increased by an annualized 7.9% for the 300 funds and 8.9% for the largest 20 funds in that group.
Read more @Pionline
685 views
