Largest asset owners in $26 trillion record

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[{"type":"text","content":"ARLINGTON, Va., Nov. 30, 2022 (GLOBE NEWSWIRE) -- The world’s 100 largest asset owners are now responsible for US$25.7 trillion, according to new research by leading global advisory, broking and solutions company WTW’s (NASDAQ: WTW) the Thinking Ahead Institute. The research, in its fifth year, reveals total assets among the largest organizations have grown by 9%, as of the end of 2021, down from 16% growth over the previous year. Pension funds remain the single biggest group of asset owners in the global study, controlling 56% of total assets, although this has fallen from 58% the previous year. By contrast, sovereign wealth funds have seen their share rise comfortably above one-third, to 37%, up from 35% the previous year. The Government Pension Investment Fund of Japan remains the largest asset owner in the world (US$1.7 trillion) followed by the two largest sovereign wealth funds: Norges Bank Investment Management (US$1.4 trillion) and China Investment Corporation (US$1.2 trillion). The top 20 asset owners are responsible for US$14.1 trillion, or the majority (55%) of the top 100. This level of concentration has persisted since its inception, although individual asset owners have moved within the ranking. Roger Urwin, co-founder of the Thinking Ahead Institute, said: “These big asset owners control the world’s most influential capital and hold great responsibility and growing influence in relation to their beneficiaries, and to a widening group of stakeholders. “The research highlights that many of these asset owners act as universal owners — long-term, leadership-minded holders of portfolios that are exposed to the entire market and economy — and have a distinctive opportunity to contribute to real-world systemic change by contributing to a Paris-aligned future, consistent with net-zero emissions by 2050.” AO 100 ranking RankFund MarketTotal assets (US$ million)1.Government Pension InvestmentJapan$1,730,9002.Norges Bank Investment ManagementNorway$1,402,0003.China Investment CorporationChina$1,222,0004.SAFE Investment CompanyChina$980,0005.Abu Dhabi Investment AuthorityUnited Arab Emirates$829,0006.National PensionSouth Korea$797,9687.Federal Retirement ThriftU.S.$774,1768.GIC Private LimitedSingapore$744,0009.Kuwait Investment AuthorityKuwait$738,00010.APGNetherlands$630,35811.Hong Kong Monetary Authority Investment Portfo...

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