RSA Pension funds, on the average, returned 2.84% while Retiree Funds had an average return of 3.4% in the first Quarter of 2017. By contrast, the return of the Nigeria Stock Exchange’s Pension Index for Q1 2017 is negative -1.14%.
All the pension funds category tracked by Quantitative Financial Analytics (QFAC) produced positive quarterly returns. In the RSA Pension fund category, APT Pension fund led the performance table with a Q1 performance of 3.77% followed by AXA Mansard Pension’s 3.52% while the third in the performance table is AIICO RSA fund with 3.49%.
In the Retiree Fund category, APT Retiree fund also produced the best return of 4.56% followed by AIICO Retiree pension fund with 4% while First Guarantee Pension Retiree fund took the third position with 3.82%.
Pension Alliance Emenite and Guinness funds, the only two funds in the Gratuity category also performed well with first Quarter returns of 3.72% and 3.43% respectively.
Nigeria’s Pension fund investment growth in the first three months of the year has now added to a period of extended positive performance that has characterized the industry for the past five years or as long as Quantitative Financial Analytics began tracking pension funds.