Global pension fund assets hit a record high in 2012.
According to a new Towers Watson study, U.S. institutional pension fund assets climbed 10 percent to an all-time high of $16.9 trillion in 2012.
Global institutional pension fund assets in the 13 major markets grew by 9 percent in 2012 to reach a new high of US$30 trillion, according to Towers Watson's Global Pension Assets Study. According to the data, global pension fund assets have grown more than 7 percent on average per year since 2002, when they were under half their current level.
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