PFAs DUMP MUTUAL FUNDS FOR FG SECURITIES
Pension Fund Administrators have shifted their investments from mutual funds to Federal Government securities and money market instruments. The National Pension Commission's unaudited April 2024 report revealed a 19.93% drop in mutual funds to N85.19 billion, while FGN securities rose by 1.61% to N12.40 trillion. Money market instruments also increased by 9.70% to N1.95 trillion.
Interest in domestic shares declined by 12.47% to N1.82 trillion. However, foreign share investments grew by 4.08% to N2.07 trillion. Overall, Nigeria's pension fund value rose to N19.79 trillion in April. The marginal dip in March was the first in 18 months due to portfolio rebalancing. The Chartered Institute of Stockbrokers has urged PFAs to invest more in the equity market to boost liquidity.
Pension Fund Administrators have shifted their investments from mutual funds to Federal Government securities and money market instruments. The National Pension Commission's unaudited April 2024 report revealed a 19.93% drop in mutual funds to N85.19 billion, while FGN securities rose by 1.61% to N12.40 trillion. Money market instruments also increased by 9.70% to N1.95 trillion.
Interest in domestic shares declined by 12.47% to N1.82 trillion. However, foreign share investments grew by 4.08% to N2.07 trillion. Overall, Nigeria's pension fund value rose to N19.79 trillion in April. The marginal dip in March was the first in 18 months due to portfolio rebalancing. The Chartered Institute of Stockbrokers has urged PFAs to invest more in the equity market to boost liquidity.