Page 65 - BES2016_ING

Individual Pension System 2016 Progress Report

Pension Funds’ Real Net Rate of Investment Returns
in Selected OECD Countries

G.4 G.3 Positive investment returns Iceland 2015
in 2014 and 2015 explain the Australia 2014
increase in pension fund assets. 2013
Finland
The growth of pension fund Canada 15 20
assets in 2015 was underpinned Greece
by positive investment returns. Hungary

All the reporting OECD countries Israel
recorded real net investment United Kingdom
returns in 2015, ranging from
-5.9% in Turkey to 7.4% in Germany
Iceland, with an OECD weighted Belgium
average of 0.5%. The simple Slovenia
average is higher, at 2.1%. Switzerland
Estonia
Twenty-six of twenty-nine OECD Portugal
countries experienced positive Simple Average
real returns.
Spain
Countries with data for the years 2015, 2014 Norway
and 2013 are presented in the Figure.
Source: OECD Pension Market in Focus, Is- Italy
sue 13. Latvia
Chile
Korea -5 0 5 10
Austria Return (%)
Czech Republic
Denmark
Slovak Republic
Luxembourg
Netherlands

Weighted Average
Mexico

United States
Turkey

-10

Pension Fund Asset Allocation for Selected Invesment Categories
in Selected OECD Countries

Investments in bills Shares Bill and Bonds Cash and Deposits Other
20% 100%
and bonds, equities Korea
Czech Republic
Slovenia
and cash and deposits Slovak Republic

are considered in Germany
this publication Greece
Israel
Hungary
as “traditional” Japan

investments. Spain
Turkey
Denmark
Investments in other Sweden

asset classes than Italy
the ones previously Portugal
United Kingdom
Latvia
listed are considered Mexico
Luxembourg
as “alternative” Canada

investments. Pension Switzerland
Austria
Estonia
funds in the OECD Iceland

invested on average in Norway
Netherlands
Finland
2015 23.5% of their Chile

portfolio in equities. Belgium

The total allocation in United States
Australia

these traditional asset Poland 40% 60% 80%
classes was therefore 0%

Ratio

84.4%.

Source: OECD Pension Market in Focus. Issue 13.

63 Pension Mutual Funds and State Contribution Funds