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Recently released report on pension fund assets by National Pension Commission (NPC) showed that the total value of pension assets rose month on month (m-o-m) by 0.41% to N12.39 trillion in April 2021 from N12.34 trillion printed in March 2021.
According to the report, most of the pension fund assets were invested in FGN Securities.
However, its share of the total assets
moderated to 67.15% (or N8.32 trillion) in the month under review, from a 68.96% (or N8.51 trillion) recorded in April 2021 as pension managers stood on the side lines to see where the rising interest rates in the money and bond markets would halt before investing more funds.