FNPF sees growth in telecommunications sector during COVID-19
FNPF’s investment in the tourism sector records a fair value loss
FNPF sees growth in telecommunications sector during COVID-19
FNPF’s investment in the tourism sector records a fair value loss
FNPF CEO Jaoji Koroi. [image: file]
The Fiji National Provident Fund continues to see growth in sectors like telecommunications due to increased demand for data and technology, driven by COVID-19 induced social distancing solutions.
According to FNPF’s 2020 Annual Report, this has driven new investment opportunities and has been the source for a fair value gains of $80.2 million in FNPF’s investment in the information and communication sector which constitutes around 37% of their portfolio.