FGN Bonds Top N8.63tn Pension Funds’ Assets


3c509464 nbs

James Emejo in Abuja

Total pension funds’ assets under management increased to N8.63 trillion in the fourth quarter of 2018 (Q4 2018), compared to N8.32 trillion in Q2, according to the National Bureau of Statistics (NBS).

FGN bonds accounted for 52.49 per cent or N4.53 trillion of the total pension assets, while treasury bills represented 19.37 per cent or N1.67 trillion of total assets.

According to the Pension Asset and RSA Membership Data Q4 2018, released yesterday by the statistical agency, local money market securities represented 8.21 per cent or N709.14 billion of total assets, while foreign money market securities accounted for the least share of 0.04 per cent or N3.20 billion.

Also, participants within the age distribution 30-39 years had the highest percentage composition closely followed by participants within the age bracket of 40-49 years and 50-59 years while participants above 65 years had the least percentage…

Source: Thisday Newspaper