Pension funds, insurers pile up on equities in Q1

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EQUITY holdings of Zimbabwe’s pension funds and insurers grew by 126 percent to $77 billion during the first quarter of 2021, latest regulator reports show.
In comparison, the ZSE’s market capitalisation grew by 71 percent to close the period at $543 billion.
The industry’s share of this was 15 percent, up from 10 percent at the end of 2020, when the market capitalisation was $317 billion.

The Insurance and Pensions Commission (Ipec) said this implies “that the industry remains critical to the development of the country’s stock market”.
It comes as analysts have said investors should continue to lean towards real assets as inflationary pressures have not yet entirely subsided.