PENSION FUNDS
INSTITUTIONAL investment funds, into which pension funds channel employees’ retirement savings, have, in recent years, increasingly invested offshore.
The Alexforbes 2023 Manager Watch, a survey of retirement fund investment managers released last week, shows that multi-asset funds with a global component have increased their offshore allocation to 34.2%, up from 24.6% in 2018.
Allocation to the JSE has fallen in these funds to 38.7%, down from 45.7% in 2018.
Regulation 28 under the Pension Funds Act
