2016全球养老金资产配置研究（英文版）

GlobalPensionAssetsStudy2016?2016WillisTowersWatson.Allrightsreserved.?2016WillisTowersWatson.Allrightsreserved.ProprietaryandConfidential.ForWillisTowersWatsonandWillisTowersWatsonclientuseonly.2ExecutiveSummaryGlobalPensionAssetsStudy2016GlobalPensionAssetsStudy20163SurveyCoverage§Thestudycovers19majorpensionmarkets,whichtotalUSD35,438billioninpensionassetsandaccountfor80.3%oftheGDPoftheseeconomies.Chile,IndiaandSpainwereaddedtothisyear’sstudy.Weusetheshorthand‘P19’todenotethem.§Weperformadeeperanalysisforsevenofthesemarkets(Australia,Canada,Japan,Netherlands,Switzerland,UKandUS)andusetheshorthand‘P7’todenotethem.TheP7countriescomprise92.9%oftotalassets.§Theanalysisisorganisedinfoursections:§Assetsize,includinggrowthstatisticsandcomparisonofassetsizewithGDP(P19)§Assetallocation(P7)§DBandDCshareofpensio