The Nigerian NGX Pension Fund Index is a benchmark that tracks the performance of the assets of pension funds under management (AUM) in Nigeria. Its goal is to serve as an indicator for assessing the results of pension fund investments in Nigeria.
The index is made up of well-capitalized and readily traded stocks that are common in the pension fund business. Big names such as the FUGAZ, SWOOTs, and others are among them.
The NGX pension follows the top 40 businesses in terms of market capitalization and funding, according to the NGX. The index's strong performance is expected to assist pension fund contributors, particularly those who choose strong fund categories.
Pension fund performance in Q1 2023 could also result in a gain for pension fund administrators who collect fees on assets under management.
This outcome is expected given that about 116 equities out of 157 achieved positive returns in the month YTD June 30th, 2023. Approximately 103 of the 116 equities that had positive increases posted double-digit gains. Another 84 equities prevailed over inflation, the majority of which are represented in the pension fund index.
Read more: https://www.investingport.com/pensi...-44-year-to-date-gains-in-stock-market-rally/