Rebound for asset value after N51.3bn loss on FIS depreciation, reaches N12.3trn

Zainab Iwayemi

Gross assets value rose again after suffering a N51.30 billion dip in February 2021 owing to depreciation in the prices of fixed income securities, in the trading portfolios of the Approved Existing Schemes (AES), RSA Funds II & IV and Closed Pension Fund Administrators (CPFA). Unaudited report on pension funds industry portfolio made available PenCom shows the Gross Asset Value reached N12.3 trillion in March 2021.

The report shows that the RSA registration leaped by 0.38 per cent reaching a total of N9.3 billion in March as domestic ordinary shares and foreign ordinary shares accounted for N842 billion and N97 billion respectively.

Total FGN Securities saw the highest investment at N8.5 trillion. FGN bond HTM and treasury billion, accounted for N7.7 trillion and N721 billion, while investment in the agency bond, sukuk and green bond, was worth N12 billion, N85 billion and N109 billion respectively.

Corporate debt securities reached N620 billion during the period under review. Of this amount, corporate bond was valued at N595 billion while corporate infrastructure bonds and corporate green bond were valued at N10.8 billion and N14 billion respectively.

Bank placement and commercial papers, which makes up the local money market securities, recorded N1.58 trillion and N91 billion, respectively, while foreign money market securities stood at N8 billion in March, 2021.

While mutual funds made up N147 billion, other items such as real estate, properties, and private equity funds reached N156 billion and N33 billion and infrastructure funds as well as cash and other assets stood at N66 billion and N76 billion respectively.