Asia-Pacific sovereign pension funds move up in asset rankings
The total assets of the world's largest 300 pension funds fell by 13% in 2008 to $10.4 trillion, according to a Watson Wyatt report.
Most Asia-Pacific sovereign pension funds have moved up the global 300 ranking of pension funds conducted by consulting firm Watson Wyatt Worldwide together with US investment publication Pensions & Investments.
Eight Asian pension funds, of which five are sovereign funds, made it into the top 20 in 2008 with their combined assets representing around half the total of the top 20 funds.
Taiwan's Postal Savings Fund moved up to rank 8 from 14, making it a new entrant in the top 1…
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