## Figure 2.8. Asset Allocation of Pension Funds and Insurers, 2015

## Source details

**Canonical URL:** [Figure 2.8. Asset Allocation of Pension Funds and Insurers, 2015](https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure2-8r3.pdf)

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### 1. Pension Funds
- Countries shown: Canada, Germany, Japan, Netherlands, United Kingdom, United States.
- Asset categories shown: Deposits and currency; Bonds; Equities; Loans; Other.
- Vertical axis labeled: 0 10 20 30 40 50 60 70 80 90 100 (Percent).
- Key finding:
  - "Excluding Japan and the Netherlands, pensions place less than a third of funds in bonds."

### 2. Life Insurance Companies
- Countries shown: Canada, Japan, Netherlands, United Kingdom, United States.
- Asset categories shown: Cash; Bonds; Equities; Other.
- Vertical axis labeled: 0 10 20 30 40 50 60 70 80 90 100 (Percent).
- Key finding:
  - "Life insurers consistently invest a majority of their portfolios in bonds."
- Note: "In panel 2, for the Netherlands and the United Kingdom, the numbers exclude assets invested through mutual funds in separate accounts."

### Sources and notes
- Sources: Bank of Japan; Centraal Bureau voor de Statistiek; Deutsche Bundesbank; GDV, Statistical Yearbook of German Insurance; Statistics Canada; U.K. Office of National Statistics; U.S. Federal Reserve; and IMF staff calculations.
- Note: "In panel 1, pension funds include defined-benefit and defined-contribution plans."

*Source: Figure 2.8. Asset Allocation of Pension Funds and Insurers, 2015 (Percent).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure2-8r3.pdf_