Global public investors' assets totaled $37.8 trillion at the end of 2018, a 3.7% increase from the end of 2017, according to a report from the Official Monetary and Financial Institutions Forum.
Global Public Investor 2019, the report's sixth year, showed increases in all three types of global public investor institutions. Sovereign wealth fund assets rose 7.9%, to $8.6 trillion, as of Dec. 31 from the year before, while pension fund assets grew 4.8%, to $15.7 trillion, and central banks inched up 0.1%, to $13.5 trillion.
The think tank surveyed public investors consisting of pension funds, sovereign wealth funds and central banks.
The assets of Middle East public investors saw the largest percentage increase, up 8.4% on a year-over-year basis. North America was the next-best performing region, growing by 6%, $9.29 trillion.
European assets grew 3% during 2018, to $7.83 trillion. Africa rose 2.5%, to $794.7 billion in assets as of Dec. 31. Asia-Pacific's assets grew 1.9%, to $14.33 trillion in assets.
Latin American assets, meanwhile, declined 0.07% to $1.45 trillion.
The survey was completed by 750 institutions from 183 countries across five continents, comprising 491 public pension funds, 173 central banks and 86 sovereign funds.