BPOPF tweaks investment strategy in search of higher returns

The pension fund, which is the country’s largest and the anchor of fund management activities in the local market, recorded its high returns on the back of COVID-19 defying gains in global equities, which outstripped weaker performances in asset classes such as fixed income.

The performance last year allowed the BPOPF to declare returns ranging between 23% and 7.5 percent for the different member portfolios, some of the highest numbers for a single year.