Global Public Pensions 2023
$4.3tn
AuM of the 22 funds which contributed to the GPP
50%
Share of surveyed funds that selected equilibrium real interest rates as the biggest factor impacting their 5-10 year investment strategy
40%
Net share of survey respondents that expects to increase their allocation to infrastructure in the next 12-24 months
53%
Share of surveyed funds that expects a global economic recession in the next 12 months
62%
Share of the largest 50 public pension funds that suffered losses last year
The Global Public Pensions 2023 report explores how public pension and sovereign funds are building optimal investment strategies to address the uncertain economic environment and factor sustainability into their portfolios. The report draws on surveys, discussions, and written contributions from 22 global public funds across the world with combined assets under management of $4.3tn. These include the likes of Singapore’s GIC, Canada’s CDPQ, Australia’s Future Fund and India’s National Infrastructure Investment Fund. It also analyses the annual reports of the 50 largest public pension funds and 50 biggest sovereign funds that together have $25.9tn of firepower.
Key findings:
- Funds are adjusting to higher-for-longer rates
- Infrastructure is the asset class with the highest demand
- India is more appealing than China as an emerging market
- Sustainability is being taken seriously
- Active engagement is key for the real-world energy transition
Partners
