Institutional investors continue to outsource the chief investment officer function, particularly in the U.S., which accounts for more than three-quarters of the worldwide assets under management. As of March 31, U.S. outsourced AUM was $1.9 trillion, more than three times the $591 billion from eight years ago.
U.S. OCIO AUM continues growing
Breaking it down by client, defined benefit plans, with more than $560 billion of AUM, represents the largest source. Defined contribution plans followed, with more than $245 billion of AUM, although this increased from last year's $159 billion.