DPF assets firm despite emerging headwinds

Friday, July 07, 2023 | 460 Views |

The country’s second-largest pension fund, the Debswana Pension Fund (DPF), has registered growth in its assets in the first quarter of the year to P10.2 billion, from P9.6 billion in the fourth quarter of last year, despite market turbulence experienced over the latter part of the period.

The DPF is a defined contribution pension fund established in 1984 as a trust through a joint initiative between Debswana, Anglo American Corporation Botswana, and De Beers Prospecting Botswana with key investments in property, equity, bonds and alternatives.

In an update to members recently, DPF officials said the first quarter kicked off with positive market performance due to several factors, which helped the pension fund’s returns.

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