Singapore's Central Provident Fund emerges 8th in global fund rankings

Total assets amount to $287 b.

While the global pension funds experienced a 3% dip in total assets for 2015, Asia Pacific saw a 1% improvement in funds during the year, with Singapore emerging as one of the top 10 pension funds.

According to the latest research by Pensions & Investments and Willis Towers Watson, Singapore's Central Provident Fund gained a 7.9% growth in US dollar terms and a 10% improvement in terms of local currency, with total assets of $287 billion (US$211 billion).

Singapore bested its previous rank at tenth place and emerged at the eighth position in 2015.

The report stated Asia Pacific funds increased by around 1% during 2015, as compared to a decrease of 2% for the top 20 funds.

Six Asian funds reached top 20, with Japan's Government Pension Investment sitting comfortably at the top with US$1.2 trillion assets.

Other Asian funds in the top 20 include South Korea's National Pension, China's National Social Security, Japan's Local Government Officials, and Malaysia's Employees Provident Fund.

These six funds accounted for 41% of the top 20 funds' assets in the ranking.

Willis Towers Watson Managing Director Naomi Denning said the continuing tides of assets rises and falls reflects how difficult for funds to meet their respective missions.

"It has become clear that good investment governance is the key determinant in producing the competitive edge necessary to transform portfolios and succeed in the ever-evolving mission of trying to pay benefits securely, affordably and in full,” Denning said.

Get Singapore Business Review in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

This is supported by Lao PDR, Thailand, and Malaysia.
Re-exports, meanwhile, saw a jump by 19% in the same month.
SNACK Investment will be available for consumers for as low as $1.
The programme is done in partnership with 10x1000 Tech
The maturity date for these notes will be in 2028.
Assets in this category experienced a jump to $10b in less than three years.
CityDev, SATS, and Mapletree Logistics Trust showed the most growth.
Limiting the entry of foreign workers would not result in more jobs for Singapore, Wong said.
They also agree to explore other collaboration opportunities.
It creates a one-stop ecosystem that connects its users to EV car dealers.
Its passenger capacity remained steady at 32% of pre-COVID levels.
This would increase the opportunities for cross-border investments.
A return to pre-pandemic levels, however, could take two to three years.
HongKongLand and SGX showed the most growth today.