BPOPF invests 60% of assets offshore :: Mmegi Online

The Botswana Public Officers Pension Fund (BPOPF) has invested 60% of its P38.7 billion asset base offshore. It has invested the balance locally. The BPOPF accounts for approximately 80% of the total pension industry in Botswana.The fund's pensioner assets are valued at P5.8 billion while active and deferred pensioners account for P32.9 billion.

The Acting CEO of BPOPF Lesedi Moakofhi has said that in terms of head count, BPOPF is the largest fund in Botswana with a membership base of 150,370 as at 31 March 2013, comprising 143,273 active and deferred pensioners and 7,097 pensioners.

"We take pride in the resilience and robustness of our investment strategy, which is premised on diversification both geographically and by asset class. This propelled the fund to great heights leading to double digit returns during the early years of the fund, with the exception of 2003 when the world economy witnessed the burst of the dot.com bubble and later in 2009 when the credit crunch resulted in the global financial crises," Moakofi said.

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