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Diversification remains a key tool in pension fund portfolios
Pension fund/entity | Assets (€’000)
Portugal
©IPE Research; See IPE’s Top 1000 Pension Funds for the full ranking
Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; Gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022 *Data on asset allocation in these figures include both direct investment in equities, bills and bonds, cash and deposits and indirect investment through CIS when the look-through of CIS investments is available. Otherwise investments by pension funds in CIS are shown in a separate category.
Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022
Alternative, especially private markets, continue to grow in importance
“The idea is to grow distribution capacity in France and to increase our SRI capabilities,” says MAPFRE’s chief economist for investments
Finnish Centre for Pensions compares totality of contributions in eight European countries
Asset allocation figures show that fixed income still dominates portfolios, although in declining proportions, with an average 55.3% allocation at end-June
Global equities had the highest impact on performance over the quarter, with returns close to 6%, according to WTW
Plus: Portuguese funds pull back -8.1% Q1 loss
Diversification remains a key tool in pension fund portfolios
Asset allocation figures show that fixed income still dominates portfolios, although in declining proportions, with an average 55.3% allocation at end-June
Global equities had the highest impact on performance over the quarter, with returns close to 6%, according to WTW
The Spanish pension provider Caja de Ingenieros Gestion serves more than 215,000 members, predominantly from the Spanish engineering sector, using an investment style based on independent analysis, with a bottom-up approach.
The Socialist government aims to reduce pensioner poverty but faces considerable demographic hurdles
Government pushes through legislation package before elections last July
Average gains of 1.5% in the final quarter of 2022 took Portuguese pension funds to an average -11.4% return for the 12 months to 31 December 2022.
Alternative, especially private markets, continue to grow in importance
“The idea is to grow distribution capacity in France and to increase our SRI capabilities,” says MAPFRE’s chief economist for investments
Finnish Centre for Pensions compares totality of contributions in eight European countries