Assets of the top 100 asset owners globally (the AO100) have risen 12.3% year-on-year to a record high figure of $26.3trn in 2023, as fortunes managed by sovereign wealth funds continued to surge.
According to a study from the Thinking Ahead Institute, assets of the AO100 returned to growth in 2023 after an 8.7% fall during 2022, with sovereign wealth funds now managing 38.9% of the assets among the top 100. Pension funds, which still account for the bulk of the AO100's assets under management (AUM) at 51.2%, recorded the smallest growth rate at just 8.9% from 2022. Despite the record high total, much of the AUM remained heavily concentrated among the top fifth of the AO100, as the top 20 assets owners accounted for 55.6% of the total AUM, equivalent to $14.6trn. Towards ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
