Pensions n Retirement | |
Pensions n Retirement | |
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Tuesday, April 18, 2017 8:00A.M/ Uchenna Ndimele**
A cursory review into the Pension Funds data for Q1 2017 showed that RSA Pension funds on the average returned 2.84%, while Retiree Funds had an average return of 3.4%. By contrast, the return of the Nigeria Stock Exchange’s Pension Index for Q1 2017 was negative -1.14%.
The entire pension funds category tracked by Quantitative Financial Analytics (QFAC) produced positive quarterly returns. In the RSA Pension fund category, APT Pension fund led the performance table with a Q1 performance of 3.77% followed by AXA Mansard Pension’s 3.52% while the third in the performance table is AIICO RSA fund with 3.49%.
In the Retiree Fund category, APT Retiree fund also produced the best return of 4.56% followed by AIICO Retiree pension fund with 4% while First Guarantee Pension Retiree fund took the third position with 3.82%.
Pension Alliance Emenite and Guinness funds, the only two funds in the Gratuity category also performed well with first Quarter returns of 3.72% and 3.43%, respectively.
Nigeria’s Pension fund investment growth in the first three months of the year has now added to a period of extended positive performance that has characterized the industry for the past five years.
**Uchenna Ndimele is the President of Quantitative Financial Analytics Ltd Related News
Can be reached vide info@mutualfundsnigeria.com
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2. FG Sets Up Inter-Ministerial Committee On Pension Liability
3. Healthy growth of the PFAs; Assets under management increased by 15% to N6.02trn
4. 10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS
5. Nigeria Strategy Report H1 2017 (9) - Pension Reforms Set Sights On Infrastructure Investing
6. Resilience of the PFAs as Asset Under Management Increases by 16.9pct to N5.96trn