Times Of Swaziland: ENPF INVESTMENT STRATEGY BUILT ON DIVERSIFICATION

ENPF INVESTMENT STRATEGY BUILT ON DIVERSIFICATION
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Nhlanganiso Mkhonta on 05/04/2024 10:01:00


MBABANE - The ENPF’s investment strategy is built on diversification across
domestic, other African and global markets across a wide range of asset classes.
These include listed and unlisted equities, investment properties, loans and
advances and short-term money market deposits. During the year under review,
there was an upward trajectory with regard to local investments, showing that
the fund continues to live its vision of being the major contributor to
Eswatini’s socio-economic growth.
Asset
Local investments comprise 59 per cent of the portfolio, against 34 per cent
held by various South Africa-based asset managers and 7 per cent by global asset
managers. Local investments have continually yielded a higher percentage of our
investment income.
The growth in assets under management averaged 10.8 per cent across the
financial year, with a stronger accumulation in the second half of the financial
year. The growth in assets emanates from additional investments made during the
year as well as re-invested earnings and movements in asset fair values.