Global turbulence shaves billions from pension funds
Friday, December 09, 2022 | 170 Views |
Eyes on the ball: Motshidisi
Much of the losses in pension funds this year are associated with investments in the international tech sector, where downtrends in global giants such as Facebook, Apple, Amazon, Netflix and Google (known as FAANG) have led market turbulence.
Last year, the value of pension fund assets surged to P120.1 billion in December from P106 billion in January, buoyed by the robust performance of the FAANG group.
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