Pension savings boost Namibia's investment assets to N$342 billion

This represents a 1.3% increase from the previous quarter and an 18.2% rise year-on-year, according to the Namibia Financial Institutions Supervisory Authority's Namfisa latest report. The growth was attributed to favorable market performance, dividend and interest income, and consistent net inflows from investors. Pension funds accounted for 42.5% of the total assets, with N$145.5 billion managed on their behalf.

Unit trust schemes made up 35.1%, and long-term insurers 12%. The majority of these investments, 52.3% or N$179.2 billion, remained within Namibia, reflecting a preference for local investment. Investments within the Common Monetary Area constituted 34.7%, while 12.9% were in offshore markets.

Old Mutual Investment Group Namibia, Capricorn Asset Management, and Ninety-One Asset Management Namibia collectively managed 44.5% of the country's professionally managed investments. Most client funds were invested in listed shares N$102.3 billion, unit trusts N$97.5 billion, and listed debt instruments N$93.2 billion.