Investment Portfolio
Like most Funds around the world, the FNPF faced unprecedented challenges from 2020 to 2021 due to the COVID-19 pandemic. The health pandemic and the requisite containment measures resulted in major human and economic losses worldwide.
In the domestic market, weakening aggregate demand brought a decline in many industries. Reduced member contribution and accelerated withdrawals continued to exert pressure on the Fund’s liquidity. Despite these
challenges, we managed to sustain these pressures, maintain financial performance and continued to grow. As a member-based superannuation fund, our primary responsibility is to operate in the best interest of our members. Our highly diversified portfolio includes a wide range of assets such as properties, local and international shares, cash and cash equivalents, commercial loans and fixed interests.
The investment financial market experienced unprecedented volatility given the raging effects of the pandemic. Despite these concerns, the Funds’ investments returns posited positive returns of 6.5% for 2021.
The investment portfolio grew from $7.9 billion in 2020 to close at $8.1 billion in 2021.
The net investment income before expenses for financial year 2021 is $542.9 million.
The Fund recorded an $8.2 billion of net assets for the year, which was the basis of a declared 5% interest that saw the distribution of $302.8 million to 389,986 members.
Growth in fixed income securities, cash & cash equivalents and commercial lending was noted while the properties portfolio contracted due to the impact of the current subdued economic condition on the market valuation of properties.
Some investment highlights for 2021 are;
- ATH Share acquisition
- Commercial loans
- Acquisition of the 4BE Insurance Property
For latest information in our Investment Performance, you can access our latest Annual Report in our Annual Report Section