Pension funds’ Q1 returns rise to five-year high

Investment brokers on the trading floor of the Nairobi Securities Exchange (NSE) in Nairobi. FILE PHOTO | NMG

Pension funds have recorded the highest first quarter return in five years on the back of a good performance by equity investments at the Nairobi Securities Exchange.

Industry data compiled by Actuarial Services East Africa (Actserv) shows pensioners enjoyed a return of 6.7 per cent in the three months to March, compared to 2.5 per cent in the same quarter of last year.

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