A recent article by Martin Sanders, Head of Pension Investments at AXA, highlighted three key points: subdued global economic growth in 2024, “with some pick-up in 2025,” a continued rise in the demand for sustainable investments, and the observation that “fixed income has become increasingly attractive for pension funds” due to multi-year highs in bond yields. The expectation going forward is that inflation will remain elevated but should slow by 2025, with most developed markets avoiding recession. Meanwhile, pension funds will continue to add “more resources to sustainable and impact investments in all asset classes, most likely equity and bonds.” Another potential agitator in the global economy is the US Presidential Election in November. This, along with the challenges that Sanders highlights are what the winners of the World Finance Pension Fund Awards have so expertly navigated over the past year, combining risk, portfolio and investment strategy management, as well as performance evaluation.
Best Pension Funds – by country – in 2024
Australia
Unisuper
Austria
VBV Group
Azerbaijan
State Social Protection Fund of Azerbaijan
Belgium
United Pensions
Bolivia
BISA Seguros y Reaseguros
Brazil
Bradesco Seguros
Canada
OMERS
Caribbean
NCB Insurance Agency & Fund Managers
Chile
AFP Plan Vital
Colombia
Grupo Sura
Croatia
PBZ Croatia Osiguranje
Czech Republic
CSOB
Denmark
Nordea Pension
Estonia
Swedbank
Finland
ELO
France
ERAFP
Germany
Bosch Pensionsfonds
Ghana
Pensions Alliance Trust
Greece
Piraeus Asset Management
Iceland
Frjalsi Pension Fund
Indonesia
BNI
Ireland
Irish Life EMPOWER Master Trust
Italy
BNL BNP Paribas Pension Fund
Jamaica
JMMB Fund Managers
Macedonia
Sava Penzisko
Malaysia
Gibraltar BSN
Mexico
Afore XXI Banorte
Mozambique
Moçambique Previdente
Netherlands
Rabobank Pensioenfonds
Nigeria
Fidelity Pension Managers
Norway
KLP
Peru
Prima AFP
Poland
OFE PZU
Portugal
Santander
Serbia
Dunav Voluntary Pension Fund
South Africa
GEPF
Spain
GM Pensiones
Sweden
Swedish Fund Selection Agency
Switzerland
Pensionskasse Manor
Thailand
Kasikorn Asset Management
Turkey
TEB Asset Management
US
NYC Board of Education Pension Fund
