According to the report, most of the pension fund assets were invested in FGN Securities.
However, its share of the total assets moderated to 65.92% (or N8.11 trillion) in the month under review, from a 70.96% (or N7.40 trillion) recorded in 2020, as pension managers moved funds away from T-bills given the collapse of the yields, particularly in the money market, to record low single-digits amid CBN’s accomodative stance to cushion the effect of COVID-19 pandemic on the economy. As Pension Fund Administrators (PFAs) shifted focus from investment in T-bills, we saw investment preference drifting towards Local Money Market Securities (LMMS) as total funds invested in this space rose y-o-y by 39.61% to N1.65 trillion in January 2021 (lifting its share of the total assets to 13.40%), from N1.18 trillion in January 2020 (or 11.31% of total assets).
Inmobiliario | Propiedades | ¿Cuántos metros cuadrados se puede comprar con US$ 1 millón? | ECONOMIA
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Steigende Immobilienpreise im Engadin
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2021/02/24 03:42 フォローしました
Born in Rhode Island and coming from a long bloodline of a respected family, including Queen Victoria, Warren Buffet, and Bill Clinton, Richard had the commitment, resilience, and a strong work ethic instilled in him from birth. Those core values, along with his strong admiration for helping others succeed, became the catalyst for him to study at Rhode Island Junior office leasing Florida College for business administration and his mother going to Yale University, becoming an RN, an Anesthetist, and owning a nursing home across 15 acres of land, Richard ran his family for 10 years and later established his own auto company.
According to the report, most of the pension fund assets were invested in FGN bonds.
Hence, share of FGN bonds to total assets climbed to 57.41% (or N6.64 trillion) in the period under review, from a 54.70% (or N5.71 trillion) it printed in January 2020.
However, PFAs’ investments in T-bills declined sharply year to date (YTD) by 102.90% to N780.57 billion as at September 2020 from N1.58 trillion recorded in January 2020 as treasury bills yields plummeted to ridiculously below single-digit.
Given the reduction in the weight of FGN Securities to the total assets (it fell to 65.29% in Sept. 2020 from 70.96% in January 2020) as money flow to T- bills dropped, we saw Pension Fund Administrators (PFAs) investment preference drift towards Local Money Market Securities (LMMS) as total funds invested in this investment category rose by 70.34% to N2.01 trillion in September 2020 (lifting its share of the total assets to 17.37%), from N1.18 trillion in January 2020 (or 11.31% of total ass