KENYA - The KES300bn (£2.6bn) Nation Media Group Pension Fund has removed KES111.6m (£1m) from Barclays Global Investor's (BGI) index tracker fund and may invest the money offshore.
Following the government ruling whereby all pension funds have to be externally managed by October 8, 2001, the media fund appointed Standard Bank Investment Corporation (Stanbic) to manage local i...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
