The National Social Security Fund (NSSF) diversified its asset portfolio in the year to June 2024 with new investments in Eurobonds and private equity, as it cut its exposure to short-term government securities and bank deposits.
The State-controlled fund’s latest financial statement shows that it invested Sh7.17 billion in Eurobonds in the review period, marking its first uptake of the dollar-denominated securities, which will also serve as a cushion for its portfolio valuation in case of the shilling depreciating against the greenback.
