According to a study results, it was revealed that the assets of global “institutional pension fund”, present in twenty two “biggest markets” in the world, achieved a “record $41.3 trillion (£29.22 trillion)”, in the year of 2017.
The said study was conducted jointly by the “Thinking Ahead Institute”, which is a “not-for-profit member organisation” on a global scale, and “consultants Willis Towers Watson”, whereby the total assets growth of global “institutional pension fund” over the year reached to “$4.8 trillion” and marked the “largest yearly growth in dollar terms” that can be noted in the last two decades.
Pension assets in Hong Kong had seen the “strongest growth” of 21% in “local currency terms”, stated the report, as the “strong” performance of stock market played as a help while 40% “return in Hong Kong-listed equities” also could be another reason.
References: reuters.com
