As of June 2021, local pension funds had increased their trades on the market to 7% of total trades compared to 0.38% in 2020. When the market goes to where normal market levels should be, you will see them behave differently.”On the current attractiveness of the market, she said: “Last year, their [pension funds] holdings in equities was 2.5%. That is why we are seeing many more of them coming back into the equities market”. Having seen the market rally, it has struck interest in equities among pension funds. However, he remains doubtful of the stake from pension funds on the equities market possibly rising above 3%.

Source: GhanaWeb July 22, 2021 03:45 UTC