PFAs Invest 66.4% Pension Fund in FGN Securities, Treasury Bills

A total of N3.49 trillion out of the N5.219 trillion pension funds accumulated in November 2015,was invested in Federal Government (FGN) Securities by Pension Fund Administrators, PFAs.

This represents 66.41 per cent investment of the total fund in FGN Securities.

On the other hand, N1.4 billion was invested in infrastructure funds in the month under review by the PFAs, indicating a 0.02 per cent investment out of the N5.219 pension funds.

This was shown in the National Pension Commission (PenCom) Summary as at November 30, 2015.

The report showed that N2.95 trillion was invested in FGN Bonds representing 56.16 per cent, while N480.26 billion was invested in Treasury Bills, representing 10.25 per cent of the fund.

The PFAs however invested N157.13 billion in State Government Securities, N179.45 billion in Corporate Debt Securities and N12.69 billion Supra-National Bonds representing 3.14 per cent, 3.04 per cent and 0.22 per cent respectively.

The report further showed that Local Money Market Securities received N516.18 billion representing 10.39 per cent. There was no trade at the Foreign Money Market Securities except in the Closed Pension Fund Assets (CPFAs) which has only N645 million representing a 0.01 per cent investment.

Meanwhile, Real Estate Properties got N231.25 billion representing 4.5 per cent. Others like the Open/Close End funds, Private Equity, and Cash at Hand received N19.36 billion, N13.43 billion and N58.71 billion representing 0.42 per cent, 0.34 per cent and 0.70 per cent respectively.