US$18trillion in top 300 global pension funds: Aussie funds down thanks to plummeting Aussie dollar
Willis Tower Watson’s Thinking Ahead Institute has recently concluded its 2019 World 300 annual study of the largest pension funds in the world. As of 2018, there was US$18trillion in assets under management, down 0.4% from the previous year, which was up 15.1%. Pretty eye-watering stat that one.
16 out of the 300 funds are Australian, the top two being the Future Fund and Australian Super. Out of the 16, only 2, Sunsuper and Hostplus, rose up the ranks. That said, 14 of the 16 funds actually grew their assets under management.
The reason for the drop down the rankings is the Aussie dollar which has lost 10% against the US dollar.
What will another year of low-interest rates and uncertainty around global trade do to these numbers?