The National Pension Commission data up and until November 30, 2020, puts pension fund assets at N12.29tr, showing an ever increasing record of pension assets.
This according to PenCom statement, represented a 1.94 per cent increase when compared with N12.053tr recorded for October 31, 2020. PenCom stated that the funds rose by 5.89 per cent between September and November based on the N11.56tr recorded in the entry for September 30, 2020.
However, the increase in funds accumulation translated to more investment in federal government securities by Pension Fund Administrators.
The PFAs invested a total of N8.139tr in FGN Securities during the period under review, representing 66.22 per cent of the total N12.29 tr fund assets.
A breakdown of the fund shows that out of the N8.139 tr invested in FGN Securities, FGN Bonds got N7.379 tr; treasury bills N642.02 bn; agency bonds N6.02 bn; sukuk N100.07 bn; green bonds N11.814 bn while green bonds got N11.814 bn.
Meanwhile, domestic ordinary shares N790.85 bn; foreign ordinary shares N17.33 bn; state government securities N150.58 bn; corporate debt securities N731.57 bn; local money market securities N1.79 tr; mutual funds N145.22 bn; real estate N158.60 bn; private equity Funds N31.70 bn; infrastructure funds N57.07 bn; and cash and other assets N190.08 bn.