DPF portfolio defies global market slowdown

The fund ended June 30 with P11.9 billion in assets under management, up from P11.5 billion in the first quarter, despite what executives described as “heightened market volatility and challenging conditions”.

The performance was achieved even after accommodating for what executives said were “notable member exits during the period”. In a second-quarter update, the DPF said its investments in Africa-listed equities delivered the highest returns, followed by returns from emerging market equities. The yields from Africa-listed equities are a gain for the DPF, as most equities in the African market are troubled by currency devaluations and instability in policy.