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Research - DECEMBER 5, 2023

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OMFIF releases Global Public Pensions 2023 report

by Lewis Dayton

In its Global Public Pensions (GPP) 2023 report, the Official Monetary and Financial Institutions Forum surveyed the 50 largest public pension funds and 50 largest sovereign funds, which altogether have $25.9 trillion of assets under management.

The survey found that respondents have been adapting to the higher interest-rate environment and have a focus on infrastructure and renewable-energy transition investments, among other findings.

Higher interest rates around the world, combined with stagflation, are causing many funds to adapt and reorient their investment strategies. During the past year, the assets under management fell for 62 percent of the public pension funds surveyed and almost 50 percent of the sovereign funds surveyed.

In an article included in the report, Prakash Kannan, chief economist and director of economics & investment strategy, GIC, and Mark Tan, head of macro research, GIC, write that there are three trends which are likely t

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