ASSET MANAGEMENT MOVES INTO THE SPOTLIGHT

Figure 7 gLobAL peNsIoN Assets As A % of gdp

Pension assets as a % of GDP

This map illustrates global pension assets as a percentage of GDP. There are large discrepancies from country to country and only four are over 100%. Large markets like the U.S., the UK, Australia, Canada and the Netherlands have percentages above 50%, while a large number of European countries stand below10%andcountriesincludingChina,France,Pakistanand Greece report less than 1%. That said, estimates predict size- able increases in global allocations to pension funds during the next decade.

>100% 50% - 100% 10% - 49% 1% - 9% <1% n.a.

Asia

Europe

Latin America and the Caribbean

Northern America

Oceania

Africa

Source: PwC analysis based on OECD and Allianz data as of end 2012 Note: 2011 data for Japan, Gibraltar, Lichtenstein, Russia, South Africa, Ukraine, Malaysia, Hong Kong, Singapore and Lithuania

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