FGN Bonds Top N8.63tn Pension Funds’ Assets - THISDAYLIVE via thisdaylive
Total pension funds’ assets under management increased to N8.63 trillion in the fourth quarter of 2018 , compared to N8.32 trillion in Q2, according to the National Bureau of Statistics .
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.
In total FGN securities accounted for 73.09 per cent of pension fund assets with Green bonds accounting for 0.08 per cent or N7.22 billion, sukuk bonds one per cent or N86.54 billion, Agency bonds 0.13 per cent or N11.56 billion and state government securities 1.61 per cent or N138.71 billion. Total asset under the Closed Pension Fund Administrators stood at N1.07 trillion, while existing schemes accounted for N977.83 billion.
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