FNPF eyes more returns
November 9, 2015 5:27 pm
The Fiji National Provident Fund will continue to explore a diverse range of asset classes to enhance returns.
These include core infrastructure, direct equity and direct property development.
In a statement yesterday FNPF chairman Ajith Kodagoda says normal investment approaches through traditional asset classes in particular bonds and deposits, are no longer sufficient to generate the required yields for members.
Kodagoda says to achieve more returns having partners with the right technical expertise, financial and management capability and proven experience in infrastructure investment.
This comes after the fund announced its recent acquisition of 39 percent of Fiji Ports Corporation Ltd – a wholly-owned government company that owns all major ports in the country.