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Pension Fund Administrators’ Scorecard In May 2021

In the month of May 2021, the net asset value of the Pension Fund Administrators (PFAs) showed positive growth when compared to their performance in the month of April 2021.

About 98% of the funds reported positive growth, compared to only 2% that declined. Out of the 80 funds on watch, only three had a poor run in the month under review according to data compiled by Nairalytics and published on its website. The Funds under watch are Fund I, Fund II, Fund III and Fund IV.

Summary of Fund Performances in the Month of May 2021

For the month of May, the overall performance of all funds was 0.61%, with the RSA Fund IV having the best performance of 0.74% returns on investment (ROI).

FUND I

In May 2021, 19 of the 20 funds under review had positive growth higher than the month of April 2021 where only 12 PFAs out of 19 recorded positive growth. The Average return for the month for Fund I was 0.574%

The top 5 best performing PFAs Fund I for the month of May are:

  • First Guarantee Pensions Limited (1.68%)
  • APT Pension Fund Managers Limited (1.32%)
  • Nigeria Police Force Pensions Limited (1.21%)
  • FCMB Pensions Limited (0.96%)
  • Stanbic IBTC Pension Managers Limited (0.63%)

FUND II

All the PFA’s recorded positive growth in the month of May with an average return of 0.572%

The top 5 best performing PFAs Fund II for the month of May are:

  • IEI-Anchor Pension Managers Limited (0.83%)
  • FCMB Pensions Limited (0.83%)
  • Pensions Alliance Limited (0.80%)
  • Nigeria Police Force Pensions Limited (0.75%)
  • APT Pension Fund Managers Limited (0.69%)

FUND III

18 PFA Funds recorded positive growth in the month of May. The average return for the month for all the PFAs was 0.57%.

The top 5 best performing PFAs Fund III for the month of May include:

  • Nigeria Police Force Pension Limited (0.94%)
  • IEI- Anchor Pension Managers Limited (0.87%)
  • Pensions Alliance Limited (0.82%)
  • Fidelity Pension Managers Limited (0.77%)
  • Crusader Sterling Pensions Limited (0.72%)

FUND IV

All the PFAs recorded positive growth in the month of May with an average return of 0.74%

The top 5 best performing PFAs Fund IV for the month of May are:

  • Nigeria Police Force Pension Limited (1.02%)
  • Crusader Sterling Pensions Limited (0.98%)
  • Sigma Pensions Limited (0.85%)
  • AIICO Pensions Managers Limited (0.84%)
  • First Guarantee Pension Limited (0.82%)

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