NSSF eyes offshore stocks in portfolio diversification

National Social Security Fund (NSSF) shareholders during the fund's annual general meeting at the KICC on August 5, 2016.

Photo credit: File | Nation Media Group

The National Social Security Fund (NSSF) is planning to deepen its investments in offshore listed share and private equities as it looks to diversify its portfolio from domestic government securities and property markets.

The State-backed pension fund is seeking to appoint an investment manager to establish and manage an offshore multi-asset portfolio, largely denominated in foreign currencies like the US dollar and will form the foundation of its alternative investments programme.

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