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.
Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...