Real estate investment trusts and commodities made up 90% of real assets investments in Pensions & Investments’ 100 largest corporate U.S. defined contribution plan universe. Assets in real estate were $8.6 billion and assets in commodities, $1.7 billion. Multiasset strategies, infrastructure and other accounted for the remaining 10%. Real assets were up 18.2% to $11.4 billion from the prior year, driven by increases in real estate assets. Real assets investments represented around 1% of total assets.
BlackRock, Fidelity and Vanguard were the largest real estate managers. Wellington, PIMCO and CoreCommodity were the largest commodity managers.