FNPF tourism investments will continue to be affected next year

FNPF tourism investments will continue to be affected next year

By Semi Turaga
Wednesday 01/07/2020
Fiji National Provident Fund CEO Jaoji Koroi

The Fiji National Provident Fund says its investments in the Tourism sector will continue to be affected in 2021.

CEO Jaoji Koroi says they will therefore rely on their investments in the balance of their portfolio including the 42% investments in safer Government bonds to support the returns next year.

Koroi says this is the benefit of diversification.

He adds the Fund’s investment team is closely monitoring the economic climate of the country and the global community and they will continue to seek opportunities that would optimise returns.

FNPF owns Sheraton Resort, Westin Resort, Denarau Golf Course and Development Land, Fiji Marriott Resort Momi Bay, the Intercontinental Fiji Golf Resort & Spa, Holiday Inn Suva, Yatule Beach Resort Limited, FNPF Hotel Resort and the Grand Pacific Hotel.

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