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Pension fund investments in NSE stocks up 42pc to Sh206bn
About 9.35 percent of total pension assets were in quoted equities by the end of 2024, making stock market performance crucial for the pensions industry.
Pension funds raised their investments in stocks listed on the Nairobi Securities Exchange (NSE) by 42 percent to Sh206.4billion in 2024, new data shows, buoyed by a market recovery that saw the bourse post gains of 34 percent over the 12 months.
The 2024 investment performance by the pension funds in NSE-listed securities, marks a major turnaround compared to the previous year when their cash on the bourse fell to an 11-year low of Sh145.15billion—spooked by a market downturn that hurt activity and share prices.
