Dipo Olowookere
Quantitative Financial Analytics
In the first Quarter of 2017, RSA Pension funds, on the average, returned 2.84 percent while Retiree Funds had an average return of 3.4 percent, a report by Quantitative Financial Analytics has revealed.
By contrast, the return of the Nigeria Stock Exchange’s Pension Index for Q1 2017 is negative -1.14 percent.
All the pension funds category tracked by Quantitative Financial Analytics (QFAC) produced positive quarterly returns.
In the RSA Pension fund category, APT Pension fund led the performance table with a Q1 performance of 3.77 percent followed by AXA Mansard Pension’s 3.52 percent while the third in the performance table is AIICO RSA fund with 3.49 percent.
In the Retiree Fund category, APT Retiree fund also produced the best return of 4.56 percent followed by AIICO Retiree pension fund with 4 percent while First Guarantee Pension Retiree fund took the third position with 3.82 percent.
Pension Alliance Emenite and Guinness funds, the only two funds in the Gratuity category also performed well with first Quarter returns of 3.72 percent and 3.43 percent respectively.
Nigeria’s Pension fund investment growth in the first three months of the year has now added to a period of extended positive performance that has characterized the industry for the past five years or as long as Quantitative Financial Analytics began tracking pension funds.
