Pension funds that carry a higher exposure to equities and offshore assets saw their returns in the first quarter of the year trail their fixed income-oriented peers by 2.4 percentage points after the sharp rise in bond prices rewarded those holding the securities.
Analysis by fund administrator Zamara shows that in the period, the average return from fixed income assets stood at 7.9 percent, with equities at 4.8 percent and offshore assets at negative 5.3 percent. The overall average return for the schemes stood at 7.1 percent.
