The Social Security and National Insurance Trust (SSNIT), the largest institutional investor in the economy, has announced a transition to a fixed-income-focused portfolio.
SSNIT’s portfolio totals GHS 16.7 billion, with 49.3 percent in equities, 34 percent in alternative investments, and only 16.7 percent in fixed income.
However, SSNIT plans to significantly rebalance its portfolio in the near term, more than doubling its fixed income allocation to 48.8 percent and substantially reducing its equities and alternative investments.
During a recent media briefing, SSNIT Director-General Kofi Bosompem Osafo-Maafo explained the trust’s new strategy. “The plan is to reduce our real estate and equity investments, reallocating to fixed income, which offers greater stability,” Osafo-Maafo said.
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