SINGAPORE’S Central Provident Fund (CPF) bucked the overall global decline in assets under management (AUM), with its total assets growing 6.6 per cent to US$287 billion last year from US$269.1 billion in 2017. Read more at The Business Times.
SINGAPORE’S Central Provident Fund bucked the overall global decline in assets under management , with its total assets growing 6.6 per cent to US$287 billion last year from US$269.1 billion in 2017.latest World 300 researchAUM at the world’s 300 largest pension funds fell in value by 0.4 per cent year on year to a total of US$18 trillion in 2018, in sharp contrast to the increase of 15.1 per cent in 2017.
“The pace of change in the investment world is a challenge, and scale is a huge advantage in a lot of ways. Many of the most interesting and important developments start with the largest funds, and as new investment ideas like the total portfolio approach and universal ownership gain traction in these organisations, they influence the whole market,” Mr Collie added.
Jayne Bok, head of investment in Asia at Willis Towers Watson, said: “Despite macroeconomic and global trade headwinds, Asia is still a growing region with a young population, and its long-term growth trajectory remains positive.”Asia’s pension funds also remained resilient in a turbulent economic environment, while other regions have experienced limited growth.
On the other hand, North America funds are more focused on return generation and therefore hold less fixed income and more in equities and alternative investments and cash . DC pension plans allow employees and employers to contribute and invest funds over time to build up a pot of money for retirement, while DB plans are employer-sponsored and provide a specified payment amount in retirement.
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CPF sees 6.6% growth in assets, bucks global downtrend among top pension fundsSINGAPORE - Singapore's Central Provident Fund (CPF) bucked the overall global decline in assets under management (AUM), with its total assets growing 6.6 per cent to US$287 billion ($399.00 billion) last year from US$269.1 billion in 2017.. Read more at straitstimes.com.
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