A long-term approach to investment decision-making delivers superior value over time. FCLTCompass is an annual benchmarking tool that tracks long-term investments on a global scale, measuring the investment horizons of global savers, asset classes, and companies. We produce a yearly report that uses this data to reveal important insights and trends regarding the state of global capital markets.
The total length of time an investor expects to hold a security, portfolio, or other asset (in years). Assigning year-based horizons to the investment value chain allows for a direct comparison between the outlooks of savers, asset classes, and public companies.
The total length of time an investor expects to hold a security, portfolio, or other asset (in years). Assigning year-based horizons to the investment value chain allows for a direct comparison between the outlooks of savers, asset classes, and public companies.
Norway
11.1%
South Korea
10.4%
New Zealand
9.3%
Australia
6.9%
Sweden
6.8%
Malaysia
5.5%
China
3.3%
Italy
3.1%
Japan
3.1%
Canada
2.7%
Germany
1.8%
Spain
1.6%
United Arab Emirates
1.6%
India
1.2%
Mexico
0.5%
France
-0.3%
Singapore
-1.2%
South Africa
-1.2%
Chile
-2.5%
Switzerland
-3.4%
United Kingdom
-8.0%
United States
-8.1%
Netherlands
-9.5%
Brazil
-9.9%
| Investment | Years |
|---|---|
| Households | 5.09 |
| Pensions | 4.01 |
| Insurance | 4.42 |
| Sovereign Wealth Funds | 3.76 |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.01 |
| Pensions | 3.61 |
| Insurance | 5.61 |
| Sovereign Wealth Funds | 4.7 |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.40 |
| Pensions | 4.23 |
| Insurance | 4.03 |
| Sovereign Wealth Funds | 4.19 |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.62 |
| Pensions | 3.51 |
| Insurance | 4.20 |
| Sovereign Wealth Funds | 3.81 |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 4.36 |
| Pensions | 4.42 |
| Insurance | 4.42 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.83 |
| Pensions | 3.81 |
| Insurance | – |
| Sovereign Wealth Funds | 3.71 |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 4.82 |
| Pensions | 3.21 |
| Insurance | 3.74 |
| Sovereign Wealth Funds | 4.61 |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.33 |
| Pensions | 3.84 |
| Insurance | 4.51 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 3.23 |
| Pensions | 6.08 |
| Insurance | 4.9 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 4.43 |
| Pensions | 5.14 |
| Insurance | 6.59 |
| Sovereign Wealth Funds | 4.95 |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.08 |
| Pensions | 4.10 |
| Insurance | 4.15 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.46 |
| Pensions | 2.84 |
| Insurance | 3.05 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 4.09 |
| Pensions | – |
| Insurance | – |
| Sovereign Wealth Funds | 4.18 |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.3 |
| Pensions | 4.46 |
| Insurance | 3.09 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.72 |
| Pensions | 4.36 |
| Insurance | 4.15 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.17 |
| Pensions | 3.88 |
| Insurance | 4.33 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 4.64 |
| Pensions | – |
| Insurance | 4.33 |
| Sovereign Wealth Funds | 4.6 |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 4.88 |
| Pensions | 3.93 |
| Insurance | 3.41 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.34 |
| Pensions | 4.20 |
| Insurance | 4.06 |
| Sovereign Wealth Funds | 4.35 |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 4.89 |
| Pensions | 4.29 |
| Insurance | 4.32 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.25 |
| Pensions | 4.21 |
| Insurance | 5.24 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.98 |
| Pensions | 6.29 |
| Insurance | 5.92 |
| Sovereign Wealth Funds | 6.06 |
| Endowments | 4.38 |
| Investment | Years |
|---|---|
| Households | 5.42 |
| Pensions | 3.94 |
| Insurance | 4.26 |
| Sovereign Wealth Funds | – |
| Endowments | – |
| Investment | Years |
|---|---|
| Households | 5.05 |
| Pensions | 4.27 |
| Insurance | 4.45 |
| Sovereign Wealth Funds | – |
| Endowments | – |
The transfer of savers' funds, via various asset classes, to companies as a source of capital (in USD Billions). Tracking these asset flows on a global scale provides a snapshot of how capital allocations have shifted over time.
*Other Investments includes the following assets: Private Equity, Investment fund shares/units, mutual funds and unit trust. Alternatives. Hedge Funds, Commodities, Private Debt. Securities, and others.
Savers and allocations of capital calculated as of 12/31/2021. Public company sources of capital and uses of capital calculated on an annual basis for 2021.
Note: Figures may not equal total due to rounding.
Companies' average investment horizon vs. holding period of funding sources (in years). Similarly, companies have long-term intentions for their investments, but their sources of capital carry much shorter-term investment horizons. Tracking corporate uses of capital (as percentage of total spending). The evolution of companies toward asset-light business models has resulted in declining corporate investment horizons.
Article
10 November 2021 - Corporate R&D spending increased significantly during the pandemic, setting the stage for a future boom in innovation and value creation. Is this a sign of the winners just pulling ahead of the rest?
In the News
7 December 2021 - Long- and short-term expectations aren’t what they used to be, from corporate decisions to the fidgets in equities. And you’ll need to rethink sovereign wealth funds.
Climate | Article
24 November 2021 - Will shorter holding periods have an impact on climate change efforts?
