Pension funds post strong first-quarter return



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
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