Fixed income lifts pension schemes return in Q1

Pension funds cut their holdings in listed shares (equities) to an 11-year low of Sh145.1 billion. 

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Pension schemes posted positive returns in the first quarter of the year on increased yields from fixed income to emerge from the negative returns they had booked in the corresponding period last year.

Analysis of pension schemes by Actuarial Service East Africa (Actserv) shows that they recorded an overall return of 0.8 percent in the three months ended March, compared to negative 0.6 percent in the first quarter of last year.

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Note: The results are not exact but very close to the actual.