STOCKS now constitute a larger portion of pension fund portfolios on account of the faster rate at which the asset class has been re-valuing, relative to other classes, the industry regulator has said.
In its latest report on the sub-sector, the Insurance and Pensions Commission (Ipec) said quoted equities, at $246,94 billion, constituted 50,59 percent of the industry’s asset portfolio as at March 31, 2022, an increase of 351,69 percent from $54,67 billion on March 31, 2021.
The local bourse added 47 percent during the quarter under review to close with a capitalisation of $1,94 trillion.
“The gains in the stock market are attributed to a combination of inflation, the good financial performance of underlying companies, and the growing demand for equities as a value-preserving asset,” Ipe
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