Georgia’s Pension Fund has seen its investment returns decline amid volatility in global stock markets. However, the fund says its portfolio remains sufficiently diversified to withstand market fluctuations over the long term.
Ana Nachkebia, Acting Chief Investment Officer of the Pension Fund, told Business Course that its international equity portfolio includes shares in more than 9,000 companies across the US, Europe, Asia and emerging markets, including the 500 leading US companies in the S&P 500 index.
She said the October correction in global markets affected the fund’s returns. However, an investment in a US index focused on high-dividend stocks, including Coca-Cola and Procter & Gamble, gained around 10% in October, partially offsetting losses in other markets.
Nachkebia added that around 20% of the fund’s total assets are invested in international equity markets, while the remainder is allocated mainly to Georgia’s economy through bank certificates of deposit and government bonds. Over seven years of investment activity, the fund has accumulated nearly GEL 3 billion in returns.
