Historical Fund Performance

The United Nations General Assembly requested in 2021 (resolution A/RES/76/246) that the UNJSPF’s Office of Investment Management (OIM) conduct a comparison of the Fund's investment performance with peers from various countries. To this end, OIM engaged CEM Benchmarking, a firm specialized in comparing investment funds across the world, to compare the Fund’s performance with that of other global pension funds. 

The latest CEM Investment Benchmarking analysis, from 2024, compared the UN Pension Fund’s performance and total cost of investments against: 

• A global universe of 269 pension funds, with assets totaling $13.5 trillion, and a median fund size of $9.6 billion. 
• A peer group of 19 pension funds with assets under management ranging from $55.8 to $152.2 billion, and a median size of $93.3 billion. 

The main findings of the 2024 CEM Investment Benchmarking analysis assessed the Fund’s: 

• Effectiveness: The 5-year net total return of the portfolio was 6.0%, surpassing both the global median of 3.9% and the peer median of 4.6%.
• Efficiency: The total investment cost of 39.1 basis points, below the peer median of 59.1 basis points.
• Safety: The asset risk of the portfolio was 9.7%, above the global median of 9.5%. The asset-liability risk was 10.9%, versus the global median of 9.4%. 

See the latest 2024 CEM Investment Benchmarking report  here.  

Previous CEM Investment Benchmarking reports similarly highlighted the UN Pension Fund's return on investments and lower management costs compared to peers.  

• 2023 version 

• 2022 version 

• 2021 version