Pension fund investments fall P6.7bn

Pensioners PIC. THALEFANG CHARLES
Pensioners PIC. THALEFANG CHARLES

The value of assets held by the country’s pension funds locally and externally fell by P6.7 billion between January and February 2018, latest figures from the Bank of Botswana indicate.

According to the data, the slump was due mainly to a 40% drop in the value of bonds held offshore by the local pension funds. The value of bonds held offshore fell to P5.8 billion in February, a month in which most other asset classes invested in by the pension funds were also weaker. 

The central bank’s numbers indicate that offshore equities remain the most popular asset class for local pension funds, with 51% of their total assets of P76 billion invested there. The value of local pension fund assets invested in offshore equities fell by P1.8 billion in February, while holdings of domestic equities fell by P65 million to P14.3 billion.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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