Below are the 5 best performing RSA funds as at the end of October 2020, on a year to date (YTD) basis.
The asset classes that gathered more allocation are FGN Bonds, Bank Placements, Corporate debt securities, and Domestic ordinary securities.
Nigeria pension fund managers have increased their exposure or asset allocation to foreign money market securities by 214%.
In the US 27% of financial institutions like family offices, investment advisers, pension funds, and hedge funds said they own crypto assets.
A few weeks ago, many news media organizations published articles on the plan by FGN to borrow a whopping N2 trillion from the pension funds.
FG has concluded plan to borrow N2 trillion from the current N10 trillion pension funds to finance the development of infrastructure.
Pension fund administrators pile up cash in anticipation of withdrawals
Suffice it to be asked: “it is Q2 2019, do you know how your pension fund performed?”.
Nigeria's Pension Fund Index closed the Month of May in negative territory posting a return of -4.12%.
The intensity with which pension funds in Nigeria generate gains for contributors seems to have slowed down towards the end of the first quarter of the...