NSSF cash under fund managers down Sh19.5bn

NSSF headquaters. FILE PHOTO | NMG

The value of National Social Security Fund (NSSF) assets under fund managers fell by Sh19.5 billion in the first six months of the year on the back of underperformance in majority of firms trading on the Nairobi bourse.

Data by the Retirement Benefits Authority (RBA) shows NSSF cash externally managed by four fund managers contracted by the fund dropped to Sh190.26 billion in June 2021 from Sh209.76 billion last December.

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