Singapore
THE world's largest global public investors (GPIs), which include public pension funds, central banks and sovereign funds, entered 2020 with the highest level of assets and more than 40 per cent of their portfolio in riskier and more illiquid assets accumulated in recent years. Many are now looking to diversify into safe assets amid the Covid-19 turmoil.
The Official Monetary and Financial Institutions Forum (OMFIF) said on Wednesday that the assets under management (AUM) of 750 GPIs - institutions that manage public money - across 181 jurisdictions including 490 public pension funds, 174 central banks and 86 sovereign funds, reached US$39.5 trillion in 2019, up US$1.9 trillion from US$37.6...
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