02
Feb
Tujoromajo Kasuto Namfisa Quarterly Statistical Report says that the value of retirement fund assets decreased during the third quarter of 2022 on both a quarterly and annual basis. The authority notes that the quarterly decline in investments is mostly reflected in the negative performances in equity and debt markets due to inflationary and interest rate pressure. Additionally, the report reveals that the geographical allocation of investments also changed during the quarter. “Investments held in the CMA and Africa regions decreased to 19.5 percent and the industry’s domestic investment holdings decreased to 50.6 percent and remained in line with the 45.0…