Largest Retirement Funds Show Record High Asset Losses
The year ending September 30, 2022 was not a good one for the US’s largest retirement funds. According to Pensions & Investments, the assets of the 1000 largest funds devalued by 13.9% compared to the same time last year. That is a total value of $12.16 trillion. Last year, their total assets were valued at $14.13 trillion. Asset values fell in both defined contribution and defined benefit plans.
You can read the full article here.