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The Quarter In Review Q2-2018

In our quarterly pension scheme investment performance survey a sample size of 420 schemes with a total fund value of about Kshs. 723 Billion was analyzed.

Small schemes Fund value < 100 Million

Medium Schemes Fund Value 100 – 500 Million

Large Schemes Fund Value 500 Million – 2 Billion

Mega Schemes Fund Value > 2 Billion

In the second quarter Pension schemes recorded drastically lower returns compared to the previous quarter. This was largely attributed to the decline in the equities performance -8% compared to 14.8% for the first quarter of 2018.

For the fixed income asset class there was a slight decline to 3.5% compared to 3.6% in the previous quarter’s performance.

Offshore did however record a slight improvement in performance to -0.5% compared to the -1.8% of the previous quarter.

Over the 1 year period ending 30th June 2018, all the asset classes recorded a lower performance with equities, fixed income and offshore performing at 15.3%, 13.5% and 8.3% respectively compared to the previous quarter’s 1 year performance of 48.7% for equities, 15.5% for fixed income and 13.0% for offshore.

Over the 3 year period, the equities asset class recorded a slight improvement to 4.4% from 3.5% in the quarter one’s 3 year performance. As for the fixed income and offshore asset classes the 3 year performance was lower compared to the previous quarter.

As for the asset allocation, majority of the pension schemes’ funds are in the fixed income asset class.

Download the detailed report here: