Global economic recovery drives record public asset growth
OMFIF report shows that assets have grown by US$2.5t in 2017; 7.3% increase is largest ever
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Singapore
PENSION fund, central bank and sovereign fund assets grew by US$2.5 trillion on the back of a strengthening global economy in 2017, according to an annual publication released on Wednesday by the Official Monetary and Financial Institutions Forum (OMFIF).
The 7.3 per cent increase is the largest since the London and Singapore-based think-tank started tracking such data, eclipsing 2016's 1.1 per cent growth.
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