Australia’s largest pension funds saw their collective funds under management grow by 9.1 per cent throughout the 2016 calendar year, according to Willis Towers Watson.
Asset consultant Willis Towers Watson has released its annual Global Pensions Assets Study, which found that the value of the top 300 global pension funds increased by 6.1 per cent in 2016.
The increase comes off the back of a 3.4 per cent decline in the 2015 calendar year, with cumulative growth in assets since 2011 standing at 23.4 per cent.
Sixteen Australian pension funds made the 'top 300' list, led by the Future Fund at position 32 with US$92 billion in funds under management (FUM).
The top Australian funds saw their total FUM increase by 6.1 per cent throughout 2016 to reach a total of US$15.7 trillion.
Of the 16 Australian pension funds on the list, 12 improved their ranking compared with 2015. The most improved funds by ranking were Hostplus (up 27 places), REST (up 14 places) and Sunsuper and Hesta (both up 13 places).
Telstra Super was the only corporate fund to make the list, landing at position 300.
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