Australian super funds have moved up in the rankings of the world’s largest pension funds, research by WTW’s Thinking Ahead Institute and Pensions & Investments has revealed. The latest Global Top 300 Pension Funds report, published by the two firms, showed that AustralianSuper ranked in 18th position with US$177.45 billion in assets, up from a year earlier when the country’s largest super fund came in 20th with US$196.06 billion. “Australia had 16 funds included in the top 300, with most improving their ranking on last year,” said Ellie Boston-Clark, co-head of governance, investments Australia, at WTW.
“AustralianSuper remained the only fund in the top 20 globally, but the merger of Sunsuper and QSuper to create the Australian Retirement Trust saw it move to 21st place this year.” The Future Fund was the next Australian fund in this year’s rankings. The sovereign wealth fund held onto 26th position with US$133.62 billion in total assets. Aware Super moved up from 46th to 41st with US$99.32 billion, UniSuper rose from 77th to 67th with US$68.86 billion and Hostplus jumped from 127th to 84th with US$54.51 billion.
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