Global turmoil shaves P300m from DPF

Friday, October 07, 2022 | 700 Views |

The value of Debswana Pension Fund’s (DFP) assets declined by about P349 million in the second quarter of the year, due to volatility in global markets where the funds are invested, BusinessWeek has learnt.

From about P9.6 billion at the end of the first quarter of the year, the country’s second-largest pension fund ended the second quarter with net total assets of P9.2 billion.

“Investor pessimism seeped into markets driving both equities and bonds to fall further, thereby providing investors with limited opportunities for growth in the quarter,” the pension fund said in a recent update to its members.

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