In a recent report by The Straits Times, it said that Singapore’s Central Provident Fund (CPF) bucked the overall global decline in assets under management (AUM), with its total assets growing 6.6% to US$287 billion (S$399 billion) last year from US$269.1 billion in 2017.
Additionally, the city maintained its spot at 9th place globally in terms of assets – as per the latest World 300 research from Willis Towers Watson’s Thinking Ahead Institute released yesterday (2 September).
AUM at the world’s 300 largest pension funds fell in value by 0.4% year on year to a total of US$18 trillion in 2018, in sharp contrast to the increase of 15.1% in 2017.
According to the report, AUM also tumbled 1.6% year on year to US$7.3 trillion, which accounted for 40.7% of the total AUM in the rankings; among the top 20 funds.
“This marks the first year since 2012 that the top 20 pension funds’ share of the total AUM has fallen,” said the report.
That being said, the growth rate of the top 20 funds was 4.7 per cent during 2013 to 2018, which remained higher than the growth rate of 3.9 per cent for the top 300 funds during the same period.