May 22, 2020/Cowry Asset Report

Freshly released report on pension fund assets by National Pension Commission (NPC) showed that the total value of pension assets rose year on year (y-o-y) by 17.88% to N10.51 trillion in February 2020 from N8.91 trillion in February 2019.

According to the report, most of the pension fund assets were invested in FGN Securities; however, its share of the total assets moderated to 67.51% (or N7.09 trillion) in the month under review, from a 73.12% (or N6.52 trillion) it printed in February 2019 as T-bills yield plummeted to lower single-digit amid COVID-19 pandemic shock.

Click here to read full PDF copy of report