Investments power MVA Fund income

The fund recorded a surplus of P142.9 million and a total comprehensive income of P423.2 million in the year ended December 31, 2013. This was an increase from the previous year, in which the Fund recorded P130 million surplus and total comprehensive income of P258.4 million.

MVA Fund chief executive officer, Cross Kgosidiile said the increase in income was largely driven by the rise in net fair value on available-for-sale and offshore investments.