Local pension fund assets shoot above P100bn

This, as returns from offshore equities and Big Tech firms such as Google, Apple and Amazon, helped defy market uncertainties brought on by the coronavirus (COVID-19).

Bank of Botswana (BoB) statistics released this week show that collective pension fund assets rose from P94.3 billion at the start of 2020 and had reached P102.5 billion by November 2020. By November, about P64.4 billion or 62.8% of these assets were held offshore in various asset classes, compared to 60.3% in January 2020.