Market Report – Q3, 2023
The Shilling depreciated 5.39% quarter-on-quarter and 19.99% year-to-date due to dollar shortage, greenback’s strength and capital flight.
Pension Scheme Survey Performance – Q1, 2023
For the current quarter, the average return achieved by the 422 pension schemes with total fund value of about Kshs. 879Billion (excluding property) participating in the survey was 2.3% compared to -3.0% in the previous quarter. This lower return was largely due to the decline in equities from Q3 2022 attributable to investor concern driven by continuing high inflation, geopolitical tensions and tightening monetary policy. The increase in fixed income was attributable to easing of liquidity in the money market as seen in decline in the interbank rate.
Market Report – Q1, 2023
During the quarter, the Shilling slumped further against the US dollar, as the country faced dollar scarcity. The shortage stems from a mismatch between demand from energy and commodity importers and expected inflows from agricultural exports and the service industry. The weak interbank foreign exchange market, combined with parallel trading for the dollar, produced rates that differed from those quoted by CBK, resulting in wider dollar spreads.
Pension Scheme Survey Performance – Q4, 2022
For the current quarter, the average return achieved by the 422 pension schemes with total fund value of about Kshs. 879Billion (excluding property) participating in the survey was 2.3% compared to -3.0% in the previous quarter. This lower return was largely due to the decline in equities from Q3 2022 attributable to investor concern driven by continuing high inflation, geopolitical tensions and tightening monetary policy. The increase in fixed income was attributable to easing of liquidity in the money market as seen in decline in the interbank rate.
Pension Scheme Survey Performance – Q2, 2022
For the current quarter, the average return achieved by the 419 pension schemes with total fund value of about Kshs. 850 Billion (excluding property) participating in the survey was 0.7% compared to 3.4% in the previous quarter. This lower return was largely due to the decline in equities from the Q4 2020 majorly as a result of the investor uncertainty over the emergence and persistence of Covid-19 variants and the upcoming general elections.
Pension Scheme Survey Performance – Q1, 2022
For the current quarter, the average return achieved by the 419 pension schemes with total fund value of about Kshs. 850 Billion (excluding property) participating in the survey was 0.7% compared to 3.4% in the previous quarter. This lower return was largely due to the decline in equities from the Q4 2020 majorly as a result of the investor uncertainty over the emergence and persistence of Covid-19 variants and the upcoming general elections.
Pension Scheme Survey Performance – Q4, 2021
For the current quarter, the average return achieved by the 419 pension schemes with total fund value of about Kshs. 850 Billion (excluding property) participating in the survey was 0.7% compared to 3.4% in the previous quarter. This lower return was largely due to the decline in equities from the Q4 2020 majorly as a result of the investor uncertainty over the emergence and persistence of Covid-19 variants and the upcoming general elections.
Pension Scheme Survey Performance – Q3, 2021
Performance review for the current quarter, the average return achieved by the 421 pension schemes with total fund value of about Kshs. 890 Billion (excluding property) participating in the survey was 3.4% compared to 5.4% in the previous quarter. This lower return was largely due to the decline in offshore performance attributable to inflation concerns and supply shortages coupled with increased demand.
Pension Scheme Survey Performance – Q3, 2021
Performance review for the fourth quarter of 2020. For the current quarter, the average return achieved by the 417 pension schemes with total fund value of about Kshs. 841 Billion participating in the survey was 3.0% compared to 2.5% in the previous quarter. This is an improvement despite the negative impact of the Covid-19 pandemic on the performance of the schemes.
Pension Scheme Survey Performance – Q4, 2020
For the current quarter, the average return achieved by the 417 pension schemes with total fund value of about Kshs. 841 Billion participating in the survey was 3.0% compared to 2.5% in the previous quarter. This is an improvement despite the negative impact of the Covid-19 pandemic on the performance of the schemes.