Pension funds to Contribute 50% on market capitalization by 2020
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The country's Pension plan Fund currently in excess of N3.4 trillion and
expanding at an average of N20 billion month-to-month with over 53
thousand contributors will certainly account for 5O percent of market
capitalization of the country's securities market by 2020.
Merril lynch Stock exchange Perspective record anticipates that the
pension fund will make up 25 percent of the complimentary float by 2020,
expressing upbeat concerning the Nigerian market.
Explaining Nigeria as a threat frontier market, the experts specified that
the nascent and fast increasing pension plan sector will be a stable
resource of market funding. It is also anticipated to generate equity
upside and take in brand-new issues, Merrill Lynch mentioned in the
report.
Dave Uduanu, chairman, Pension Fund Operators Association of Nigeria
(PenOp), said Pension Fund Administrators (PFAs) are open to
investment opportunities within the standard controling the scheme. He
further said that they are guided by the fact that contributors' cash should be
transported to areas that guarantee safety of the fund in addition to good
return on investment.
Based on his view, PFAs will ensure that contributions are protected
and expanded to attain actual fee of return in the tool to long term that
would certainly enable retired people delight in a suitable criterion of
living after retired life.
Almost one in 5 (18 percent) pension fund supervisors thinks that
frontier markets have the most significant potential for equity gains over
the next 10 years, according to the current survey by Baring Asset
Management.
This is a rise from the continue poll in October 2012 where 13 percent of
pension fund supervisors approximated that frontier markets would offer
the very best equity returns over the next years. Examples of frontier
markets include Nigeria, Saudi Arabia, the UAE, Sri Lanka and the Ukraine.
"Over the last Two Decade, the free float market capitalization
of center arising markets have actually boosted 25 layers and we think
that frontier markets are now positioned where emerging markets were two
Decade ago, positioned to come to be the next large chance in the coming
years" pointed out Baring Asset Management.
============================================================
The country's Pension plan Fund currently in excess of N3.4 trillion and
expanding at an average of N20 billion month-to-month with over 53
thousand contributors will certainly account for 5O percent of market
capitalization of the country's securities market by 2020.
Merril lynch Stock exchange Perspective record anticipates that the
pension fund will make up 25 percent of the complimentary float by 2020,
expressing upbeat concerning the Nigerian market.
Explaining Nigeria as a threat frontier market, the experts specified that
the nascent and fast increasing pension plan sector will be a stable
resource of market funding. It is also anticipated to generate equity
upside and take in brand-new issues, Merrill Lynch mentioned in the
report.
Dave Uduanu, chairman, Pension Fund Operators Association of Nigeria
(PenOp), said Pension Fund Administrators (PFAs) are open to
investment opportunities within the standard controling the scheme. He
further said that they are guided by the fact that contributors' cash should be
transported to areas that guarantee safety of the fund in addition to good
return on investment.
Based on his view, PFAs will ensure that contributions are protected
and expanded to attain actual fee of return in the tool to long term that
would certainly enable retired people delight in a suitable criterion of
living after retired life.
Almost one in 5 (18 percent) pension fund supervisors thinks that
frontier markets have the most significant potential for equity gains over
the next 10 years, according to the current survey by Baring Asset
Management.
This is a rise from the continue poll in October 2012 where 13 percent of
pension fund supervisors approximated that frontier markets would offer
the very best equity returns over the next years. Examples of frontier
markets include Nigeria, Saudi Arabia, the UAE, Sri Lanka and the Ukraine.
"Over the last Two Decade, the free float market capitalization
of center arising markets have actually boosted 25 layers and we think
that frontier markets are now positioned where emerging markets were two
Decade ago, positioned to come to be the next large chance in the coming
years" pointed out Baring Asset Management.
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