The Public Service Pensions Fund (PSPF) has disclosed that it has a strategic objective to grow its investment portfolio by 10 percent on return per annum in order to improve the quality of service to its members.
PSPF Investments Manager Agness Kabula says the board has invested in various assets to grow the fund portfolio to meet the expected return on investment to help enhance membership experience and reveals that listed companies invested in including Chilanga Cement, Bata Shoe Company, Puma, British American Tobacco, National Breweries, Copperbelt Energy Corporation, Zambia Sugar, Zanaco and Zambeef.
Speaking when she made a presentation during a media engagement workshop organised by PSPF held in Solwezi, Ms. Kabula disclosed that the portfolio performance as at December 2022 grew from K4.1 billion to about K5.4 billion at the close of 2022 representing a 32 percent growth.
She further disclosed that PSPF has in the last five years earned about K23 million in dividends from the listed companies and attributed the growth to acquisition of government securities and gains from shares in listed companies through dividends which has accounted for 16 percent.
Ms. Kabula adds that by close of 2022, K256 million was disbursed to over 8, 000 beneficiaries under the home ownership scheme; the scheme was introduced in 2000 to mitigate old age destitution and loans are offered to serving members to enable them acquire or construct residential properties.
