SINGAPORE (Sept 2): Assets under management (AUM) at the world’s 300 largest pension funds dropped in value by 0.4% to US$18 trillion, as compared to a 15.1% increase in 2017, according to the latest World 300 research from the Thinking Ahead Institute.

Furthermore, the value of the top 20 pension funds’ AUM fell for the first time in seven years, by 1.6% in 2018, which is equal to 40.7% of the total AUM in rankings. However, the top 20 funds’ growth rate of 4.7% during the period 2013 to 2018 remained higher than the growth rate of 3.9% for the top 300 funds during the same period.

Among the top 300 funds, defined contribution (DC) assets increased by 5.1% during 2018, while defined benefit (DB) assets declined by 0.2%. Of the total AUM, DB funds accounted for 64.7%, unchanged from the previous year.

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