In what could be best described as magic, in an environment where the markets all over the world are grappling with the effects of a pandemic, Nigerian pension fund managers are churning out positive performances in double digits.
The high-interest regime that characterized the Nigerian market in the early to the tail end of 2019 paid off for many pension funds in Nigeria who recorded impressive performances in 2019. It, however, beats imagination that under current low-interest regime of 2020 and other headwinds in the market, that pension fund managers would even do better, in terms of performance in 2020.
Going by analysis conducted based on pricing information from various fund managers’ websites, the Retirement Savings Account (RSA) category made an average of 18.61%, with returns ranging from 52% to 8.99%.
Information about the performance of Crusader Pension RSA was not available and efforts to get such information yielded no result. Crusader Pensions RSA is therefore excluded in this report.
Below are the 5 best performing RSA funds as at the end of October 2020, on a year to date (YTD) basis.
Best Performing Fund:
Name of Fund: NLPC Pensions RSA Pension Fund 2
YTD Performance %: 52%
YTD Gain per unit: N2.05
2nd Best Performing Fund:
Name of Fund: AXA Pensions RSA fund 2
YTD Performance %: 29.2%
YTD Gain per unit: N0.88
3rd Best Performing Fund:
Name of Fund: Anchor Pensions RSA Fund 2
YTD Performance %: 26.87%
YTD Gain per unit: N0.73
4th Best Performing Fund:
Name of Fund: Fidelity Pensions RSA Fund 2
YTD Performance %: 23.34%
YTD Gain per unit: N0.75
5th Best Performing Fund:
Name of Fund: OAK Pensions RSA Fund 2
YTD Performance %: 22.44%
YTD Gain per unit: N0.68
Retiree Fund Performance
Retiree Pension funds, otherwise known as fund 4, performed slightly less than the RSA funds.
On average, Retiree funds generated an average return of 15.15% on a YTD basis as at October 2020.
The returns which ranged from 39.26% to 7.65% have the NPLC Retiree fund taking the lead. Again, Crusader Retiree Pensions funds is excluded from the analysis for lack of data.
Here are the best 5 Retiree funds.
Best Performing Fund:
Name of Fund: NLPC Pension Retiree Fund 4
YTD Performance %: 39.26%
YTD Gain per unit: N1.34
2nd Best Performing Fund:
Name of Fund: Investment One Pensions Retiree fund 4
YTD Performance %: 36.18%
YTD Gain per unit: N0.91
3rd Best Performing Fund:
Name of Fund: Fidelity Pensions Retiree Fund 4
YTD Performance %: 24.64%
YTD Gain per unit: N0.81
4th Best Performing Fund:
Name of Fund: AXA Pensions Retiree Fund 4
YTD Performance %: 21.56%
YTD Gain per unit: N0.65
5th Best Performing Fund:
Name of Fund: NPF Pensions Retiree Fund 4
YTD Performance %: 19.19%
YTD Gain per unit: N0.28
Source: Nairametrics
