... PUBLIC SERVICE PENSION FUND (PSPF)’S ASSET GROWTH PERFORMANCE OF THE CPI PLUS 5%
MBABANE furthermore, the Fund’s total assets increased closing at E35.488 billion in June 2024 compared to E34.581 billion recorded in March 2024.
This translated to a growth of 2.6 per cent. The Fund has a strategic asset growth performance of CPI plus 5 per cent on a three-year rolling period. An amount of E220 million was invested in the 1st quarter of the year in Loans and Government bonds. The asset allocation of the Fund is in line with the Investment Guidelines of the Fund and the Retirement Funds Act of 2005 of Eswatini.
A total of 43 per cent of the fund’s assets are invested in Eswatini which is higher than the statutory minimum requirement of 30 per cent of the total portfolio set by the Financial Service Regulatory Authority (FSRA). This, however, is in line with the fund’s strategic objective of a 50 per cent target in Eswatini, to increase economic growth and development.
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