Corporate plans saw funding levels rise and pension expenses fall in 2020, despite higher liabilities and a historically low discount rate.
Aggregate assets, liabilities and funded status rose for the 100 largest plans in 2020 as the average discount rate plummeted.
Social issues led to a heightened interest in socially conscious and sustainable investing in the U.S.
Long-duration bonds continued to dominate the lists of top-performing strategies for both the one- and five-year periods ended Sept. 30.
For the year ended June 30, indexed assets increased 5.4% to $15.35 trillion, as the COVID-19 crisis drove assets into fixed-income ETFs.
Long-duration strategies dominated the list of top-performing fixed-income strategies, holding all 10 spots for the year ended March 31.
High returns offset by a discount rate drop lowered aggregate funding in 2019 and left plans looking for derisking opportunities in 2020.
Growth and technology strategies dominated equity rankings in separate accounts, while long-duration bonds led the year in fixed income.
Negative year-end returns offset the funding advantage of higher discount rates for the 100 largest U.S. corporate DB plans in 2018.
Growth and technology topped Morningstar's equity database as of Dec. 31, while ultrashort and long-term government led fixed income.
Indexed assets under management rose 12.9% to $13.36 trillion in the year ended June 30, P&I's annual survey shows.
High-yield fixed income dominated Morningstar's list for a second consecutive quarter.
The average funding ratio of the 100 largest U.S. corporate pension plans rose 4.7 percentage points in 2017, P&I's annual analysis shows.
Long-duration strategies were the top performers in fixed income for the year ended Dec. 31, according to Morningstar data.
Winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.
The list of top-performing managers for the year ended Sept. 30 remains largely unchanged from the previous quarter, with high-yield strategies still on top.
Passively managed domestic fixed-income assets surged in 2016, jumping 16.8% for the year to $639.4 million, P&I research shows.
High-yield strategies dominate the list of top-performing fixed-income managers in the year ended March 31.
Constrained by low discount rates, the average funding ratio of the 100 largest U.S. corporate defined benefit plans slid again in 2016, dropping to 84.5% from 85.1% in 2015.
High-yield strategies were the top performers in fixed income for the year ended Dec. 31, according to Morningstar's separate account/collective investment trust database.
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.